Rental demand in DC has remained strong, even during the economic downturn and rents are high enough that finding a cashflow property is not exceedingly difficult.I've heard the "condos are overbuilt" argument as long as I've lived here (over 10 years).

Even did the American Birkebeiner, which is the largest cross country ski marathon in North America and finished it with a smile.

To invest in another country you want to be comfortable first and foremost with that nation's stability, socially and economically (currency).

Have a solid full business plan of what you are planning on doing, what resources will be needed, who are the parties involved (attorney, accountant, other investors), what is the business strategy (wholesaling, flipping, buy and hold), what is the market (upper income, working class), economic factors (is it a raising area or declining area of job growth, population size, businesses moving in or out).So many times I talk to new investors who have looked at one or two houses and want to borrow $100k from someone because it looks like a good deal.

As mentioned, you may need 10/12% to flip it out, if properties are increasing at 3%, that will be met in 3 to 4 years, if you hold it for 7, when tax benefits begin to fall off, things should be fine selling at a profit.When assessing any deal, don't start the valuation at the property, begin in the area, economic conditions, functionality, demand and utility of the subject property in light of the area.

For me I dont know if my 2 children will do a "traditional" 4 yr private college, it depends on their drive and focus and ability to double major in finance - political science or something that is economically useful for work.

@Steve Babiak makes some good points.It sounds like forming a LLC outside of CA is much more economical.

That is assuming 2% annual rent growth, 2% expense growth (except yr 2, where I assume our taxes are going to go up dramatically), 10% economic loss after first few years, and a cap rate increase by the time we sell or refi.

I am hoping to put the total equity into the largest complex I can afford. (40-60 units, $2-4mil.)Any advice on how to do this would be greatly appreciated.Thank you

The park may be economically obsolete.