Therefore, if you have an IRA, it is best to invest in various investments so not to put all of your eggs in one basket.

Aslyne, please do not put all your eggs in one basket. 

It's a low hanging fruit and the returns beat the country average. 

I think that is the way I am going to transition to doing less: pick the low hanging fruit by contracting the things where my labor has the least advantage.

I hope your real estate investing journey proves fruitful, and always know that skills acquired in previous jobs or university studies can definitely help you as you begin to invest...good luck!

If there is no low hanging fruit in your market that means you'll need a better education and understanding of some of the basic tricks, changing use, function, utility, market assessment, costing and valuations, that doesn't come out of guru books or podcasts, forums or blogs. 

You have to decide if it's worth it to put in all the time, money, and effort necessary to pursue this one property or if those resources are better spent on pursuing lower-hanging fruit. 

A more apt analogy than the dinner analogy I think is using a taxi to drive you around town all day long while trying to deliver gift baskets and earn a living. 

The cons for me are having all of my eggs in one basket (building) and the fact the MFH's don't appreciate as quickly as SFH.For the Memphis properties I think the positives are a reputable company managing the rehabs and property mgmt (I have gotten references and confirmed).  

Build a team, never know when team members feed you deals.take advantage of flip opps to create cash..Buy rentals is you want to be in the rental businessEnjoy the fruits of your labor.. !!!