Until they hit critical mass of 50 to 100 stores or more then they tend to get more passive.

From what I've read, it seems like buying a starter home and leaving the rest of my approval income to do a traditional or FHA loan to buy an investment home out of state in a less expensive state/area.Do you have any advice, suggestions, words of wisdom, or constructive criticism?

There are a lot of moving parts here that can influence the answer, so discussing the issue with tax counsel BEFORE moving forward is critical. 

Missing a critical piece of kitchen equipment is not what you want them to remember. 

I just don't think that there are enough investors in the country which could form a critical mass to push such a bill through Congress.Originally posted by @Bill G.: By the last transaction, I mean from the date the property was sold, to the borrower who was foreclosed upon and forward to date.

Therefore, checking and understanding these zoning requirements is a critical step in any real estate venture.

There are a lot of questions, so I'm only going to talk about some of what I believe are the more critical ones:1) How much experinence does you friend have in apartments?  

It’s arguably one of the most critical and undervalued steps.

Make sure they have easily explainable processes in place that you can get a copy of to hold them accountable.Communication is also critical.

Accounting for management fees when self managing is critical- if all goes we'll you will need to outsource that after 10-15 doors anyway.