As someone who occasionally works with these investors, I always try to emphasize the challenges that come with real estate like managing renovations, dealing with tenants, and navigating market fluctuations.

Honestly, I never fully understood what they meant—until recently.I’ve been diving into some larger-scale real estate projects, specifically in commercial properties and multifamily development.

Do managers that advertise 8% only do 8% when there's a bundle of doors to manage?

These can provide good cash flow and are easier to manage than larger commercial properties, especially when you're just starting out.Also, when I was starting, I found local meetups super helpful.

I manage many of them in Jacksonville, and have a lot of information on them.  

A goal of 40 doors is theoretical and likely just matches the income that you want to get to that ranch, but managing 40 doors, especially when they are broken up into 15-20 properties is a bear for you or for property management fees (especially so if they are not all near each other).

Apparently, the person I am under contract with was managing the estate of the actual owner who recently died.  

Making sure we can manage our own properties in these areas.  

Research led me to a couple of videos of former ND players coming back to build development into the area.

But even being a Landlord and outsourcing that staffing via Property Management still requires someone to manage the managers.