I've am both an active and passive player in REI to satisfy both spectrums for myself so you may want to look at a two pronged strategy and not put all your eggs into one basket, especially if you are a newbie to owning apartments.  

Hi all,When it comes to design, I fall short of ideas.

The building had historic designation, meaning the new roof costs $1,000,000.

I know that buying and holding is a strategy to reduce some of the costs that you would see in buying and immediately renting.  

I would also be curious to see if they are finding the availability of skilled labor challenging, and if so, any strategies to address it.

If you have discretionary cash, lines of credit and 401k borrowing for plenty of quick cash, what is the top strategy to put them all to work?

Here is the strategy I use.......I don't do showings.I got sick and tired of my time being wasted so many times, even when I would call and confirm with the person that they were still coming, and still they wouldn't show up.  

Matthews IVWhile there may be some benefit to have someone that's got a local presence, your tax strategies are going to be determined by your overall tax profile.  

I have enough capitol to buy the property cash, however that would mean me losing out on the fantastic BRRRR strategy and tying up money that I could put into future investments. 2 questions:Is there a version of BRRRR where I could self-finance the buying and renovating, then somehow refinance my money back out of it? 

Read The 7 Levels of Communication by Michael Maher and that will give you great strategies at no cost to work your sphere.