There are numerous variables that would determine what this should be.Why build 10 units?

ARV is based on numerous actual comps, not square footage.

I emailed you my bank and payment info.2 weeks later they call back afyer numerous voice messages, texts, and emails i left out payment.Them:  ill pay the rent next week.Me:  ok great but the court process has started as soon as i get payment and the check clears ill stop it.Them:  good ill have it next week2 weeks later after they were found guilty in courtThem:  the ac doesnt workMe. :  wheres the rent money.  

Do a search in here for numerous posts from me and others regarding proper entity choice for the different types of real estate operations.Joe

As Matt points out there are many advantages being local and numerous disadvantages being 2k miles away.

It’s diversified across numerous commercial real estate asset classes, and by geography, and in just a year and a half has grown to be the largest non-accredited fund.

All of these activities consume your time, energy, and money.With either type of program, there are numerous complications and things that can go wrong.

@Alan IversonAlan,There are numerous 24 month bank statement programs out there right now. 

.- Major Concern: Inspection of the electrical system revealed the need for numerous repairs.

He could very well spend thousands of dollars in legal fees, spend numerous hours of personal time working on it or bust the guys kneecaps and he will still end up in the same place No money.........although the knee caps might get him a free orange jumpsuit and 3 meals a day