So ironically, we have a giant post now full of comments from well-experienced investors and lenders but very few, if any, from new-ish investors who recently went through this internal conversation before making the leap.

(Maybe a double major in marketing too or work for someone in real estate sales as an intern while they are finishing their degree.)I understand where people are coming from when they say college is a waste of time & money in this discussion.

Once supply became too much, then prices leveled off, then fell, then worse --> the crater of the Great Recession hit the entire US and prices SUNK - and quite frankly this affected the entire world, because banks were/are now internationally interdependent on each other. 

They've been increasingly pro-tenant, for years (I interned at City Hall years ago when they mapped out what has morphed into tenant-landlord university).

> Could there be any international tax implications/ requirements while annual filing tax-returns.

Colliers International put out a great research and forecast report for Jacksonville.

Also, the state of formation is likely where internal disputes would be brought among LLC members, so if you and a partner live in CA, you probably want to arbitrate in CA if the two of you had a disagreement.

If it's zoned for more units, get as many as you can although look at the numbers to see if cutting up the basement would improve cash flow after expenses or if leaving it alone would get higher rent.Make sure you don't create internal obsolescence. 

We have a head of investor relations, plus two other partners.We bought this deal internally.

I bought my house in Fort Lauderdale with the idea of house-hacking into two separate areas but it was based on the floor plan as all I needed to add with an internal door (house has a weird hallway in the middle so I didn't have to do much).