Quote from @Bhushan Shinkre: Few corrections, tenant simply decided not to pay rent and took further action of asking for refund of all prior payments (legally made via Baselane), which Baselane paid out no questions asked.

(I might call her back to ask her to remind me why this made legal so uncomfortable.)I ended up going with Titan rather than Solera only because when I called another law firm, they said they have a close working relationship with Titan and would recommend them. 

What made you interested in investing in this type of deal?

And yep, I was made aware a couple of years ago of that 12 person max and/or I think 4,000 sq ft limitation (or some size anyway) that requires a sprinkler system for all new construction.I don't think they're that wrong for implementing the requirement. 

I know a buyer that would offer 10% down for earnest money, but he made it contingent on his personal inspection of the property within X days.

I made this mistake when I took over my first multifamily in 2018.

Happy to help with some advice and if you do a search, you'll find some solid posts I made on the space. 

The 1st red flag question he went over made me laugh.

This made the overall appearance of the property much better and allowed us to re-sell for a profit.

Flipping is probably a little more intense, but can still be done with a day job, but again, my average flip versus my average rental: flip has made much better returns.And as for generational wealth and handing down something to your kids... well, I guess I view it as: if I can hand my kids a $10mm trust fund held in public securities, or $10mm real estate portfolio, they are going to be pretty set either way, but a real estate portfolio will continually have costs and work, a brokerage account is a bit more set and forget, with some periodic rebalancing.