Of course, the real estate market is local and it is critical to evaluate your location!

The resale supply in the area just fell to a critical 3-months worth (average is 6 months) and the unemployment rate is one of the lowest in the country.

One of the critical, and oftentimes elusive relationships in multifamily investing and deal syndication is the capital investor/LP.

I do appreciate all the responses this far both critical and helpful.

Well, the owner doesn't need to licensed I guess :)Anyway, in my area there is a critical need for animal-friendly housing so I provide what I can.

Not a criticism, just advice for the future.

- did you ever run into capital call- are there certain red flags that are critical to watch for- would you consider these deals to be superior to just investing in stocks / dividend stocks, and why- now that interest rates are higher, many economists are prediction recession and many people are being affected by inflation, would you still get into real estate related opportunities (meaning performance may change radically moving forward and things may become far more challenging)I know each investment opportunity is unique.

It is critical to effectively communicate your requirements, in order for the handyperson to consistently produce what you consider "good" results. 

Having a rock solid team in place, especially property manager, is critical to long distance investing... do you have someone there that has experience with property managers?  

It’s critical in a company to be able to streamline your processes, but in order to create efficiencies, you have to first have a deep understanding of how the current processes work.