In most cases, it adds cost and complexity without real benefit.Here’s why:1.

This is not complex secret history, it's not found hiding deep in the Vatican vaults somewhere.

You just want to take it slow and find an arrangement that maximizes your chance of success.For example, you could consider a more hands-off, rent-ready (e.g. turnkey) approach for your first few out-of-state deals before you take on more complex value-add projects.Later, having a set of “boots on the ground” can help you manage your downside.

I really enjoyed the ease yet complex "what to do"

But not wealthy.For those that start out with little capital (substantially less than the $50 million Fred Trump provided Donald in 1966 to purchase an apartment complex in Ohio), DEAL MAKING is the accelerator necessary to accelerate wealth beyond the limits of what “investing” can provide.It’s called “deal making” because deals are not “found”, they’re “made”.

Same idea as living in an apartment complex, multi, condos etc.. 

I can do the find and replace feature for rent increases.

I am excited about learning more about multi-family properties and have always liked the idea of owning a large apartment complex. 

@Victor ValenciaThere may be some solutions that could work for you, including to avoid or reduce property taxes if that is your primary intent, but I think you're finding few people commenting on your post given the complexities involved, and the number of moving parts. 

Seems like you would just swap lenders to finance new deals I don't personally see how this happens, unless the lender is tiny, has some kind of capital problem or the deal is just really big relative to the size of the bank Meaning my local single location credit union probably would not be willing to finance a 200mm apartment complex in Miami because it's a risk concentration thing.