I'm employed with the Columbus Clippers and intend to utilize part of our housing stipend towards building equity in a property.

I point out that even if the building didn't need much work in the last 20 years,  many systems (roofs, water heaters, paint, windows,  and may other things) were clearly wearing out and may not last much longer and to avoid unpredictable expenses a proactive approach was necessary to start upgrading)I then followed up with individual conversations with residents which helped me to understand their finances a bit and hopefully understand their ability to pay and what assistance program(s) they may already be getting or be eligible for.   

This requirement is another significant disadvantage of individual ownership.Repatriation of funds: One valuable advantage of individual ownership is the repatriation of funds.

I don't find a lot of Montanans; I'm interested in building a great team so I can begin wholesaling and finding short- and mid-term rentals in both Montana and Arizona!

So here we are 5 years in with 4 rental properties working with buyers and sellers most and looking to find partners for building small multifamily buildings, duplexes, triplexes, quads, rent them out, refinance and reapeat, buy land, build the unit, rent, refinance, repeat so we got a BLBURRR.

Does your lease say anything about ensuring the quiet enjoyment of the other tenants in the building? 

Are you in an area where land is very valuable leaving you with less to depreciate?

You should leverage the paid off property that you have by doing a cash out refinance and then use that to buy a new build for $300-350k putting at least 25-30% down, you can find these that will rent for 7% (annual) of the purchase price and have very low property taxes and insurance.

This can help you build the right team needed for the BRRR deals you enter in the future. 

Why do you run away when you are asked point blank if you own the buildings you claim to own?