@Julie Sisnroy you can have your agent represent you and treat the cash buyer as a customer (as defined by the Colorado Real Estate Commission Docs).

I think I'm leaning toward a broad based low cost index fund.  

Originally posted by @Brandon Sturgill:@Kody Bybee I think @Remington Lyman sold more Columbus properties alone in the last 6 months...if you are including SFR and MF it feels like the numbers are low...on market MF transactions are pretty low in Columbus....there were 567 MLS MF transactions in Columbus in the last 6 months...nearly 17,000 SFR in the same period...I don't know...is it possible that only 1% of all inventory is purchased by out-of-state buyers....Maybe my criteria wasn't broad enough on listsource.

I'd start by defining your investing metrics and what return you want and expect to get.

San Antonio and Houston are great to visit, too, and (broad generalization) a bit less expensive to be close to 'downtown'. 

Scarcity defines the current market conditions here in Los Angeles and surrounding areas.

That is a very broad question, that should be posed to your tax advisor.The first step is making sure that the asset is depreciated correctly. 

@Andrew LaingIf we manage the upfit we do not charge rent until "Substantial Completion" which is defined in the lease.

In order for the situation to be a "win" for all parties involved, we would have to define what a "win" is to each party.In general (and in an ideal world): The "win" for the seller is that you are solving a problem for them that they do not have the time/resources/wherewithal to solve themselves.

It's a noble effort you are undertaking here for sure...auditor data is "open" now and most have a very good interface with GIS (check out MapBox or even Power BI)...odds are high that county auditors in these locations are on the same platform...they will have neighborhoods defined by "codes" you can use to define areas...your auditor will also have a "reporter tool" (more than likely) to draw down csv files with the data you need...since you are an agent, you'll want to overlay your MLS data for a complete picture...That said, you can draw neighborhoods with the MLS map tools, pull closed comps for specific neighborhoods and do your analysis from there...our MLS has a data point for rents...this is the only way to see "market rents"All this is a moving target and requires a lot of attention to cleaning and updating your data to stay accurate...