I would also set up your will/trust structure with a lawyer so YOU can decide who gets your assets and it is not up to the government. 

- Ability to Partner on Deals With the Mentor: This one sort of builds off the first one, but when my brothers and I started out in the multifamily space, we didn't have a track record or credibility.

It's not super active but most questions do get answered, and I feel that having access to that area gives me more credibility to the more experienced investors there.

To address this, we verify the property owner per government records and use this information to vetimposters.Anything that seems suspicious will lead to us requesting an acceptable Letter of Explanation toaddress.Analyze IncomeMany landlords require a month of paystubs from applicants and just use these to calculate a monthly qualifyingincome.

Unfortunately, a good portion of profits have to be paid to the government for taxes.

With condos your investment is the mercy of your HOA micro-government.

I am a US Citizen, and the job of my government is to serve and protect me, not to terrorize, help violent criminals get scotch free and imprison uneducated, innocent victims framed up by corrupt prosecutors.

Our government pours so much money into new laws aimed at landlords, but they don't do anything to go after the real thieves.

The deal is so small that no government agency will ever take notice or pursue an enforcement action.

There's a chance they'll find that invasive, but just like the government - we are doing it for their safety and well-being.