It’s great to be trusted with others hard earned capital but I only accept that responsibility because I KNOW I can do the job - that I have done the job over the years. 

Ownership and profit-sharing can be split based on contributions, with you possibly earning equity through sweat equity.

Out-of-state investing makes the most sense for me—it’s impossible to cash flow anywhere near me, and moving wouldn’t make sense because I wouldn’t be able to earn the same wages or find the same kind of jobs.Before this purchase, I already owned two properties: a long-term rental outside Houston, Texas, and a short-term rental in the Sierras in California.

A coach makes sense if you are 23 and want to increase your skills enough to earn a living with the sport.

In layman’s terms, I took all of my earned income to continue with the rehab only paying down my debt when someone else paid me (my lender via draw money).I won’t bore you with the details, but this lasted about 6 months.

(Side note:  I'm not happy that I know any of this...hard earned lessons of real estate investing). 

Personally, I'm not interested in owning anything that doesn't cash flow at least $500 per month because there's just too many things that can go wrong in REI and I want the properties to earn their keep both in appreciation and in cash flow.

Assume you have cash currently earning 4.6% in high yield savings.

But if I put the money into buying a house, with the leverage of a mortgage loan, I can still earn about 11% annually on my investment on the appreciation, even though there is no cash received for the rent.

BPOs are typically exterior only and agents usually earn $30 - 50 to complete them, so use them as a reference but not the deciding factor.