By ONLY looking at people with a lot of money in stocks and bonds, they get a very different sort of person than you might find on this site.

To preserve the Tax Advantage of selling a personal residents (Section 1031 does NOT apply), you need to occupy for 2 of the last 5 years. 

Before making any decisions, I recommend exploring neighborhoods in person, talking to locals, and doing thorough research to determine which area aligns best with your preferences and lifestyle.

@Nick Rutkowski I have not personally but know people who have land contracts and lease the land to large corporations to build to suit.

|As far as an inspection goes, Michael Bender is the most thorough inspector I've ever worked with and the only one I would use on my personal home.

To summarize, if you are approached by a syndicator raising money for a multi-family building that meets this multiple offer fact pattern (as is usually the case) who is awarded the contact, they more than likely assumed the most ambitious rent growth, most understated cap ex costs or operating expenses or lastly the cost of equity (your return) is projected to be less than the LP’s the other bidders relied upon.

It depends on what demographic you are aiming to serve.2) BiggerPockets, Facebook, in-person meetups.

I personally like to buy real estate that has A) excellent long-term prospects ie. area growth, commercial vibrancy, high housing demand, rising rental rates and B) positive or at least neutral cash flow.

I don't know the guy personally.

Seems like your brother would be the person to ask.