But at the end of the day, well located properties in which the owner has ample liquidity to ride out long-term cash flow negative periods, rarely lose money.  

@Chris Pomerleau thanks buddy, if only I could get my fashion style as synced up as you I would be unstoppable!

Someone else may say its free money and let it ride, so invest it in something super high risk and high reward and if I win they I win but if I lose it all I lose it all. 

These quit early propagators don't tell the "students" that nothing in real estate is actually passive other than syndications and you still need to crush the due diligence to not get taken for a ride.

She does not have an on line mangement system though just sends a check each month with a little ledger of expenses.I have a client that runs a larger company and they do a nice job at least on all the deals I have done for them as a capital partner when I do the draws and look at my before and afters they do some really nice work in a timely fashion

Hey Jack,Welcome to the real estate journey....it's an exciting ride!

In the spirit of order of operations, might be helpful to break down in this fashion: 1) With your 401(k), do you have pre-tax money and post-tax Roth funds?

Not fun or enjoyable in any form or fashion.  

I would be careful not being honest with these companies as it can be huge penalties etc. if you are not using the information in a fashion they say you are going to be using it for. 

I would just like to get 1 under my belt and ride if for a short time before moving onto the nextLook for a local REIA in your area and in the events forum here on BP.