Also it's no fun living next to someone that you sue.2) Another option would be to record an easement allowing the behavior that would expire when either property changed ownership or you changed your mind about allowing it to happen.

The abbreviations and acronyms are always fun to look up, but my favorite is " ROI " who doesn't like money? 

Preparing one is where the fun is.  

not sure if your staying in WA with no state income tax.. but a lot of the folks i know that are high net worth invest in tax free muni bonds  AAA rated.. rates have been low but they are rising.. might be worth talking to your broker about.I would diversify.. and NOTES  would be a nice way to go for cash flow as well just get with a great HML there in seattle and let them place your loans for you.. lower your rate so you can cream the borrowers... if the local HML are at say 2 and 12 put your money our for 9 but be ultra picky.. risk of loss remote.. hassle factor none .. fun in looking at potential loans off the charts.. and return great.. the thing about pooled investments is just that your one of many if they go TU you stand a very good chance of principal loss... so if U went that route sponsor is CRITICAL and I would limit your investment with them to no more than 10% of your portfolio.. at that point principal protection is utmost not necessarily return...  

Welcome to the fun, Courtland.

Not always fun, but you learn and get a great idea of everything that's out there.

The mobile home niche is fun and can be quite profitable.

I am very new to real estate and BiggerPockets but I'm very confident that this is the path I want to take for financial freedom and a fun filled less stress life! 

Fun, huh?

I have been there, actually worse since my property was negative cash flowing at the time, and i promise you it is not a fun place to be.