Last summer I didn't see bookings all through the summer months, and typically by now I'd usually already most of march booked up, but not this year. 

There are definitely ways to make money in real estate without needing initial capital but I would say those are fewer and less likely in the current market. 

I was pretty leveraged with my HELOC, 401k loans, etc. but I could have been even more aggressive.I only have 12-doors though.

Quote from @Blake McWilliams: I believe it's well proven that automation and systems not only help us keep our sanity but help us increase production exponentially.  

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

But it really makes a difference.

But I am never the GC  just the money and control the money

@Justin Brin Yes, you can elect to aggregate your rental properties for Qualified Business Income (QBI) purposes, but once you do, you must continue to aggregate those same properties in future years unless there is a significant change in circumstances (such as disposing of a property).

We're primarily focused on real estate finance at this point rather than rentals and flips, but we still occasionally flip when an excellent opportunity pops up.

Not exactly the same area, but there are a lot of parallels to owning and managing in both locations.