That is where I am focusingthe legality doesn't change, ideally putting the units in an entity is better.

I deal in a very fragmented (maybe the most fragmented) sector of real estate and this has been my overall experience.We can agree to disagree that CAP rate has no place in underwriting an acquisition.  

When buying and selling rented and performing properties what is the ideal order of operations...    

Personally when dealing with bureaucrats, and I deal with a lot of them, if I get an answer that I am unsure of, I go ask a different one.

Not the ideal way I saw my first investment going.

Obviously buying that far away in a market that I am not all that knowledgeable in is less than ideal but I feel that the difference in potential cash flow and even appreciation between the two markets is enormous.Thanks so much for your input.David

Ideally, we'd like to get as much occupancy year around but definitely to get the high rents for the music festivals and other events.

Moving eventually towards being able to buy properties in less than ideal condition, fixing them up, and holding/renting them.

I believe the ideal structure is to put each property in its own LLC to "limit" the liability and what someone can go after in a lawsuit. 

As a recent Kennesaw State grad, it seemed like the ideal situation for student housing.