@Mike Dymski  Answered my own question :)  Toronto international.. :)   

But, that means it makes it harder to get a subsequent property.My internal debate is it is better to get one single higher CAC returns property and focus on that fourplex initially vs. lower CAC return on two different properties and spread myself over more doors.Am I assessing this correctly?

We executed our strategy with an internal rate of return of 97.81% and a 2.34 equity multiple before fees.

It would be an unwise strategy to do that, unless you were a hedge fund or a REIT or you were an international group looking to park your money.The growth in the market is a great thing, it promises continued appreciation throughout the quadrants of Real Estate Cycle and is currently still in the early to mid expansion phase -  all of this is very good but you would need to purchase strategically.

So everything in our personal home and vacation home is made in USA, France, Italy, Brazil or Canada.

Brazil, Israel, France, Italy and of course USA are good to go.

I would reach out to the city water and sewage company to clarify or do an internal investigation with your tenants because you never know what could've happened?

I was about to travel internationally and I feel the tenants intentionally timed it to clash with my trip making me more willing to settle with them.Would appreciate some guidance on this matter.

Very useful input @Scott Mac on the difference between 80 LPs @ $50k and 4 at @ $1MM.My bigger vision is to get to a place with back office overheads, internal cash flows, and technology that would allow passive ranch investing to be available for as low as $500/ea for retail, non accredited investors.That is the democratization aspect and the vision/values vs execution dilemma I face when testing at $50,000 vs $1,000,000.Due to the registration being much cheaper, I must go the route of accredited investors only, for now.My subjective, populist, nationalist, rural Montana beliefs deep down in my bones that still emotionally and personally influence my decision-making-bias is that what we have in Montana is 1-special, 2-should be shared without being too commercialized and gentrified, and 3-is quickly being lost.With ranches as we all know, and I fully accept, becoming only for the UHNW, part of my core-motivation and driving belief is that technology (online syndication) should present an opportunity in the marketplace to bring in more of the "Average American" to participate, appreciate, and benefit from this asset; not just for it's historical performance, but for its actual tangible benefits (the feels).Pride in ownership, sense of place, vesting/shared interest in ecology, community, and food production.First it must be an asset though, one that makes sense in someone's diversified portfolio.

If you are looking at a lot of opportunities and for each one you blindly hand out this questionnaire, you might find yourself becoming quietly removed from some sponsor’s mailing lists.This might be no loss for you in some cases, as the sponsors who are unable or unwilling to answer the questions aren’t the ones you want to invest with anyways.But there are sponsors out there that go to great lengths to anticipate investor’s questions and spend many hours to produce some fairly thorough offering materials that answer most, if not all, of these questions.So rather than passing out this questionnaire to every sponsor you meet, consider using it as an internal checklist of sorts.