Real estate is hard and needs commitment, but it's one of the most interesting alternative investment.Legal: it depends on what you need. 

If you are young and have not collected kids, dogs, and commitments, I'd suggest putting your head down, delaying gratification, working your a$$ off (get a second job, drive for uber, deliver pizzas, buy a pressure washer and knock on doors asking to pressure wash driveways, etc.), living off of next to nothing, and looking up in 12 months to re-evaluate.

HI Michael, you can do STR/MTR/LTR but it depends the location and time that you are willing to commit in terms of managing.

I am pretty confident that we can get a good group together for this.While my schedule is very crazy, I would have no problem committing to at least one chat a week to help it grow.

Spend time analyzing your market and be very confident in your numbers before committing to starting this new venture. 

I only have so much time/energy to be effective at what I am currently committed to.

All in total it took around 110 days or 3 months and 19 days from the initial commitment to signing.

Most PMls would like to know the following information before providing a commitment: 1.

And while that is a worthwhile goal, it ignores that fact that, even without cashflow, investing in a vacation rental will likely beat the pants off of your IRA contribution, which oh, by the way, isn't "cash flowing" either.Let's do a comparison:With your IRA, assume you are 45 years old, have $100,000 in it, and are committed to contributing $12,000 per year for the next 15 years.

If you're committed to active investing, the easiest place to start is often finding a reputable turnkey seller, perhaps even one who operates in several markets.