To preserve the Tax Advantage of selling a personal residents (Section 1031 does NOT apply), you need to occupy for 2 of the last 5 years. 

By ONLY looking at people with a lot of money in stocks and bonds, they get a very different sort of person than you might find on this site.

The syndicator proactively notifies their capital relationships to take inventory of what equity could be available for deployment in the event the contract is awarded.

Before making any decisions, I recommend exploring neighborhoods in person, talking to locals, and doing thorough research to determine which area aligns best with your preferences and lifestyle.

|As far as an inspection goes, Michael Bender is the most thorough inspector I've ever worked with and the only one I would use on my personal home.

It depends on what demographic you are aiming to serve.2) BiggerPockets, Facebook, in-person meetups.

I personally like to buy real estate that has A) excellent long-term prospects ie. area growth, commercial vibrancy, high housing demand, rising rental rates and B) positive or at least neutral cash flow.

Seems like your brother would be the person to ask.

I personally hate this because incentives are not aligned.If things go wrong with the property it's the PM's fault.

@Eric Johnson - If your rate is good, you could consider doing a "subject to" deal where the person buying gives you a cash infusion for the right to own one of those properties.