Though, I have similar desires to own multiunits in the pacific northwest, I invest in the midwest for cash flow.

Such become an area matter as to an area being desirable and that is only due to preconceived notions of low income owners.

You could use how desirable you would find a unit as a benchmark for how tenants would view the property.

@Xi GuoI wouldn't go into it UNLESS you have an unfair advantage and a long term plan.It is possible to create a haven for honorable people, however you have to stick around long enough to earn a leadership role.This is not a flip and it's not an ATM machine.

(whatever you are going to do, partner on a deal, be interested in earning 10% on my project, etc.) "  as this usually stimulates good conversation without you seeming too overbearing. 

When we speak about equity build, that refers to factoring in your 120K debt shrinking as you own the home (thus there is real "cash" you are "earning" if you hold long enough).Equity build is important - aside from tax benefit and appreciation, it's why you investing in a corporate bond at 4% is less appealing than in a home that yields 4% after debt service.

I'm looking for somewhere that I can earn the knowledge I need  to succeed and also have the tools/support to become the best.

If you have investors that want to earn immediate gains then go find a property to flip.Then you can continue to look for new investors geared towards wanting an income stream as opposed to a relatively shorter term gain.Finding investors who trust you is hard enough and since it appears you may have you should consider altering your investment strategy to accommodate their needs and wants.

As an example, the investor receives:100% of the cash flow until reaching an 8% return (called a "preferred return"), then70% of the cash flow until reaching a 12% return, then60% of the cash flow until reaching a 15% return, then50% of the cash flow thereafterThe split percentages and return hurdles can be slid around and hurdle tiers can be deleted to achieve the desired result.

First, we're in the process of formalizing our business (more-so than it has been) and as part of that, we've gone through entity setup in the states where we operate (North Carolina and New York) and as part of that, had a desire to move ownership of our properties over to the commercial entities, the right way (eg; a commercial loan, not just transferring ownership and crossing our fingers).