What is the AVERAGE C class rental like in this neighborhood?

However, I have a challenge: I need to connect with like-minded individuals.

Sometimes the HOA can cover capital expenses like roof and exterior, so that can help cash flow as well, but the HOA might increase the dues when they have to pay for capital items.

We have a deep background in heavier value-add projects and we like to take a long term view on our investments.

It’s the simplest way to get a feel of what it is like to be a landlord without going through the hassle of managing rehab projects especially when you're investing out-of-state. 

That means they don't have the financial means to afford your rental and are highly likely to default on the rent payment.I recommend you watch them like a hawk and start figuring out how to handle late payments, non-payment, and eviction immediately.

A good example of the value of a worthwhile real estate professional are the referrals and references of support services like lender recommendations.

It's like having a personal assistant who never forgets a thing.

The stamping architect is taking legal responsibility for the work (just like a local partner for an "out-of-state" design firm), and most architects charge handsomely to review and stamp plans.

I feel like one LLC per property is overkill and would be quite difficult to manage.