Additionally, as Gino said, when you are raising capital from passive investors who are relying on you to generate their profits, you are selling securities and must follow securities laws; i.e., you need to learn how to "syndicate" real estate.

A contractor isnt there to finance the customers project . 

i'm a real estate agent and advisor with Candor Realty; we specialize in working with investors.i like to see the next generation interested in investing in real estate so early.As a member of the brokerages Worcester team, i focus a lot on central Mass multi family properties and househacking in particular.feel free to reach out with any questions!

At that point I might be considered to be engaging in brokerage with my role reduced to a "lead generator" for my contacts/employers, the Buyers, who are essentially paying me a finders fee.

Over the past three years, I’ve been using most of the major off-market techniques.One standout method has always been pulling data and feeding it into a call center to generate off-market leads.

For instance, if three of my properties are generating significant cash flow and performing well, they can offset any issues that may arise with another property, such as a heating system failure.

I would suggest establishing teams in both markets and evaluating which one generates leads that align with your investment criteria.

But my rental is not generating any cash flow in fact I have to pay for tax and HOA out of my own pocket.  

Zillow will also offer climate history of a property alongside custom tailored insurance policies and carriers. 

The cost segregation study generated $80k in passive losses, meaning a portion of that would be recaptured as ordinary income (at a 25% federal rate).