Even if you agree and then decide later to use a different PM, he is going to be showing up causing all sorts of trouble with your tenants.

Hi Chris,Deciding to make a career change, especially to something that is purely commission based and has a lot of fees starting out, is a major decision. 

I know in the past, I have saved up my points and had the full intentions to use the funds strictly for a vacation but then decided later on to use it for something else like business cards or advertising or to take my girlfriend out for a nice dinner and then I never went on the vacation. 

I’ve decided to get my own.

If you decided to sell, make sure you look at the multi first to make sure they are in fact better investments.

Decide where you would like to live/hang out and maybe send out "feelers"; visit that destination before you decide to move!

You are going to need to decide on a location first.  3 hours from Ellicott City is as far north as NYC and as far south as Richmond VA.

Once it is constructed it is yours and you could then decide to rent a portion out.

Whether you decide to take depreciation or not, when you sell the property the IRS will recapture the depreciation regardless of whether it was taken or not.

I've had numerous friends and colleagues offer me substantial amounts of money to invest (in one case $1M) and have finally decided to take a serious look at combining some of my funds with my friends and colleagues to purchase an apartment complex.