Are 15 years old, which is great but they are starting at the wrong end of the REI spectrum. 

Many new investors dramatically underestimate the benefits of the home court advantage, and on the other end of the spectrum the disadvantages they incur by investing out of state.

You will find on here there are many people on both ends of the spectrum.   

Also, if your friend has kids, the elementary schools on 17th are both on the lowest end of the spectrum in regards to performance. 

I've found a lot of competition lately on the lower end of the spectrum from cash buyers who might not be reporting all of their earned or unearned income to Uncle Sam, because they sure appear to be making a killing in RE and throwing a lot of cash around.

There is, of course, a whole spectrum. 

But again, there's opinions on all sides of the spectrum on this topic, just filter through the pros and cons of both and decide what works best for you at this time.

BRRRRs and syndications are miles apart on the investment spectrum - BRRRRs are hands on and syndications are hands off.hope this helps

Or, the same spectrum in any other business.

Developers run all across the spectrum.