When you notice someone saying something smart connect with them and ask if they would consider meeting you for coffee at a place convenient for them.

I'd argue the opposite -- if the city was smart they would properly tax those rehabbed neighborhoods.

@Andrew Bonar The smart answer is they DON'T.

@Joe VilleneuveI agree that there could be many disadvantages to be a next door landlord and yes most likely if that were the case, it’s probably smart to be anonymous....but there are a few advantages as well.

We are both moving to the Minneapolis area and thought it would be smart to start a LLC for our partnership. 

Too many people fail too many times, even people I think are pretty smart people.

Is this smart to do? 

My wife made the floor plan and made all the design choices that made it sell so quickly.

Once you get into the bigger commercial stuff, you can purchase software specific to your asset class of choice, but still make sure you understand what that software is doing and don't just blindly plug in numbers.Hope this helps a bit. 

If you live in a no income tax state it is reasonable and there are plenty of choices, if you live in a high tax state like CA it doesn't matter and may actually be better to also invest in a high tax state because you get credit for taxes paid to other states on your state income taxes.However there may be better deals in states that do have taxes but you'll be fine with or without them.