I currently own a SFR in Houston which is managed by a property management company. But I recently purchased a triplex in Tucson, Arizona, which I plan to manage from out-of-state. I currently live in the Los Angeles ...

I'm on Lane Kawaoka's e-mail list and I always think about striking out for something, but wondering if its worth it or if it can turn into a house of cards...It depends on the opportunity, the syndicator, the total amount of money involved, the amount you want to invest, how long you want to invest it for, the location of the apartment complex, the number of units involved, what your goals are.

I don't know how IL laws are but I think in most places a local municipality can only charge a fee to provide a service and the cost of the fee must roughly correspond to the work involved in providing the service.

If anyone is open to sharing advice, offering guidance, or involving me in hands-on work that could enhance my learning, I would be very grateful for the opportunity.

When I acquired my own portfolio I did so largely by my own version of BRRR which involved paying cash for a property, fixing it up, renting it out and then a year later getting a Wells Fargo HELOC on them and using that money to buy another house.

I'm particularly passionate about Wholesaling, flipping and now getting into BRRR method for long term hold investing. 

They are pretty involved in making sure the property is updated and functional which ends up reducing the amount of $ offered, or if the property needs maintenance repairs Flock might not offer on it at all.

I’m going to lend  to a few people I know with LLC ‘s  on some mortgages and receive interest , I am not putting myself out to public lending just some commercial loans as LLC single member pass through  , do I have to pay local taxes in Florida , I have no brick and mortar , no employees , just LLC in Florida and live in Texas , there is no work involved I just receive interest .

That's why I do "constructive evictions" which includes a variety of methods like asking, telling, threatening, starting the eviction but stopping it when the tenant leaves, etc.

Once most people find out what is involved with licensure they won't do it.