We stayed at a Lake Community in a multi family apartment/condo style building.

Just look at the cover of the most recent issue of our trade journal:The California Apartment Association and about a dozen other big lobbying entities also oppose rent control too.

My plan is to supplement that with a business focused in helping local people in California get access to the great rental market in Baltimore, either through direct ownership or debt.

What other benefits are there other than access to the MLS?

If those are scheduled only one day apart you'd better have a fire lit under the selling title co because they're going to have to close and record the sale and still beat the fed wiring deadline to get the proceeds to one or more purchase title companies. 

In my market "Multifamily" ranges from duplex that cost $100K up to apartment complexes that cost millions.

but I will take a guess at what your askingif the developer is going to bust this into lots and you stay in you just lost your tax advantages and will be deemed a dealer at the highest tax rates.sell now no risk.. and best tax treatment you could 1031.if its one property and your saying should I partner and they are going to build an apartment on it and we will keep it.. that's different.. but you lose control because your now going to put a massive amount of debt on it.. all though in your area not too risky given market conditions.. and really depends on your developer  known, reputable and stable ?

Hello, I own two 9 unit apartment buildings in Morris, IL.  

Bought a very out of date home for $230k and virtually ripped the house apart and remodeled everything.  

I am comparing opportunities in my home country with opportunities in the USA and I believe the latter offers more in terms of risk/rewards.Example in Belgium:In a median city you can buy a decent small apartment (700 sq feet) for ± 280.000 EUR (+ 10% costs and registration rights) = 308.000 EUR (=$358.820).