If you like I’d be happy to jump on a call and help you get things set up. 

Make sure to connect with a knowledgeable real estate agent who specializes in multi-family properties in Philadelphia to help you navigate the market and find a suitable property.Good luck!

California does not recognize series LLCs.You also want to look at whether a pass-through entity helps your bottom line and your taxes.

Let me know how I can help.

message me and I'll help you structure it! 

You may also have the owners stay on {part-time} for a season or two to help train the new management (you).Acquire the hard assets:  In this scenario you would only purchase the real property and those hard assets (docks, boats, etc.) that you deem would be beneficial.  

Grants/government assistance can be a great way to get help with the downpayment, but be cautious as some can make the loan terms worse for you.

Both markets have a low barrier to entry and there are many professionals here who would be willing to help you invest out of state.I hope this helps!

The potential ability to add 6-8 additional homes (to rent or sale - still evaluating options), under the new building codes to help spur more housing is the most intriguing thing about this property.

Obviously I don't have much to offer currently in terms of local knowledge but I love connecting and sharing info and plan to be a valuable and helpful part of the investor community there.