Additionally, follow up with PM to establish their process for passing off the property to include leases, tenant contact, rent ledgers, inspection reports and the like.

It depends on the deal, but what we did was give the PMP (Private Money Partner) 50% equity in the property to fund the entire entry fee.Thats not necessarily a rule of thumb.This to me is a sliding scale based on the Cash on Cash return you can expect.Further , we offered our partner 75% of the cash flow until they are paid back in full, then the cash flow return drops down to 50%.All liabilities would also be split 50% with this partner.We called the company we use , who establishes our LLCs, opened an LLC, wrote up an operating agreement and a JV agreement that outlined all of our responsibilities for the asset.

Attending real estate events and establishing professional networks with other industry members may yield insightful and beneficial connections.Trying out different forms of finance, such private loans, government-backed credit programs, or joint ventures with other investors, might also be helpful.Real estate investment requires a great deal of flexibility and open-mindedness because there are several ways to succeed.

It’s been established we can’t compare everyone’s answers apples to apples.

You could bet on less established destinations but it's much more speculative.

Commercial could actually be really interesting for you as you could join one of the established shops to get on a team and start earning right away. 

You are not obligated to accept the rent established. :) 

In term of reward, I know the reward of mortgage note, but for tax lien it's kind like semi gambling.

I got started in 2016 so we are now well established. 

Establishing your team here in Cleveland is essential to success and a smooth start-up - especially a team with experience and expertise.