This of course ties up more cash but it also helps the properties to cash flow well and that's what we live off of.There's different philosophies of REI and some will say to put in the absolutely smallest amount possible and use other people's money to buy your properties.

My philosophy is invest in where you live and/or know. 2 to 4 units are around here though so thats always a plus.

It’s can be really hard when you’re both new and/or you don’t share the same philosophy.

But, chemistry, along with philosophy, literature, etc., helped me and countless others professionally because they can be vehicles to success in ANY field, including REI, regardless of the strict utilization of concepts on the undergraduate syllabus.

I have the philosophy that life is short and why spend it doing something and being somewhere that brings sadness.

I subscribe to his philosophy and just don't do partnership, however, I do a LOT of joint ventures, and would suggest that for you.

A vineyard can take 3-7 years to “turn on” depending on your management philosophy and methods.

If you decide that is not for you, you can always sell the property and invest passively with others to get exposure to the asset class without having to deal with the headaches of doing so.Lastly, this is my personal philosophy - Don't base your emotions on anything outside of yourself.

I was under the impression she does have real estate as an investment but if she does, she’s absolutely more cautious and has a different philosophy than I do.

What you do beyond that actual cash value or replacement cost depends on your philosophy.