If you move to another state, nothing changes and you are still obligated to meet HOA requirements and play by their bylaws. 

Hi Mark, a great play we are seeing is investors adding ADUs to 2-4+ units. 

If you had invested anywhere around Detroit in the last 20 years, you had dead money unless you were in downtown where money recently started being invested; and that play is still up in the air as to whether it will work out or not. 9) Financing - Buying apartments without using debt makes no sense.

And my hunch (based on your equity and what little I know about you) is that you will qualify for whatever internal criteria they have for this.Post back & tag me, I'm curious to see how this plays out and/or is resolved.

Income tax has never played a role in my choices.

If he uncovers any problem areas or something that he does not feel comfortable tackling I am going to go ahead and hire someone with a narrower focus.Again, thank you for the thoughtful answers, they played a role in this decision! 

Gathering the knowledge and confidence to feel like it's an investment decision rather than a gamble is the part I need to overcome. 

(bridge loans, cash-flow plays, hybrids, etc) finally, you'll probably want to diversify over 2, maybe 3 sponsors that you trust. 

They have not done a consolidation as they will not get approved and his father has a gambling problem. 

But location within the city plays a major role, too.