The most observant owner/operators understood that local matters and people matter.At Auben, our core philosophy has always been based around local experts.

It explains the importance of creating your core four.

Small multi-family investments are a core investment for us.

After countless thoughts, I felt compelled to take action, hence my post here.I don't really have a specific question; I learn best by doing.

WE can get numbers to work in Columbus Ohio but I don't think anywhere else in ohio unless it was a city school district within 2 miles of urban core and new construction is above $210 per square foot and even then we'd have to look at land cost because land is cheap in columbus. we are expanding now to florida since the numbers are even better. not the opposite. just my 2 cents. 

For the investor looking toward a passive investing structure the DST is a very compelling option because of it's contined tax deferral through a 1031. 

Typically, LLCs are at the core of syndication structures; the structure itself truly depends on how you plan to syndicate deals.Check out these two articles, which really do a great job of going in-depth re: structure and may be a great resource for you to get started:https://www.biggerpockets.com/renewsblog/2014/01/2...https://syndicationattorneys.com/articles/structur...Hope this helps!

Many of the processes would be fundamentally changed by self-showing lockboxes, but core practices continued.

I have a YouTube channel I just posted a deal we are doing on if you search pink development you can see the lot. on my triplex I don't build a garage so every sq ft is appraisable. on my single family we have to build garages most of the time unless it's our micro home 700 sq ft that we sell for under 200k. the rent price / sq ft of SFR even smaller ones is maybe on average $1.70, on our 650 sq ft floorplan it's closer to $2.43 which is about 40% more efficient. supply and demand. very few multifamily built, higher appreciation, etc. most of the people who do them refinance why go through all that effort just to sell. appreciation in columbus last 3 years averages 8.65%. we only do this in 3 zip codes in columbus close to the urban core where new construction values are about a 15% or 20% premium and where there is already a lot of multifamily and it's easy to get them approved on an infill lot. 

After reading your thought-provoking post and responses, I felt compelled to contribute some additional insights to the discussion.While the existing advice holds merit, I want to underscore the critical importance of strategic location selection in real estate investments.