That really is the only way to have an efficient professional partnership - total open communication whether the conversation is pleasant or sour. 

Connecting with local realtors who specialize in investment properties is a great move — they can help you spot opportunities before they hit the market.

Thanks, DavidSteve hit the nail on the head.

@Danny Gonzalez you hit the nail on the head.

Your attorney or CPA should be able to create tax efficient structure for you.To avoid this, keep management and decision-making localized to Alabama, and consult a CPA or attorney to ensure compliance with both states' regulations.This post does not create a CPA-Client relationship.

Hit me up if you’re interested in this part of the state.   

House hacking and the BRRRR method are great for stretching capital efficiently.

Hello  @Thomas Sheehan,If your goal is to invest in an apartment where you don't have to concern yourself with maintenance and cap Ex, this deal (or perhaps another with similar rents and lower price) could make sense.The downside to deals like this is that your rents could eventually hit a ceiling as newer apartments (some with more amenities) become available.

That being said, most originators are hit with a clawback penalty if you payoff your loan within 6-9 months, meaning that the originator has to repay all commissions and fees to the buyer of the loan if you payoff the loan within that period.

Completely agree with @Greg H.  It