Sometimes, there is also a tenant already in place which means you can start generating rental income from day one.

I'm in Detroit now for inspections on one and to generate the scope of repairs on the other.

Over the past decade, I’ve built and managed purpose-driven homes in CA that serve communities while generating stable, long-term cash flow.In addition to running care homes, I also consult with aspiring care home owners across multiple states, including Texas, Arizona, and Michigan (Detroit area).

In addition, we pull our own comps and use Lightning Docs to generate our loan documents.

A real estate business can also potentially generate a SOLO IRA or something like that. 

I see many situations where one generation wants to buy out a prior generation or, more typically, siblings.

The best deals will likely be the ones you generate yourself.

Maybe not for my generation, or even a youngster like @Jay Hinrichs, but for the bitcoin investing/trading generation, it’s probably something they’ll have no problem going with.  

You need a lot of units under management to pay a maintenance tech 40 hours per week.When determining when to hire a PM or ops team member, that greatly depends on how much revenue your units generate.

A vacation rental could generate higher returns but requires more active management.