Im not sure if I do enough to call it active but it's my only gig right now since I retired .No involvement , I go check on the property in Colorado on occasion to check it out the condition.from my decades of doing this you pay income tax to the state you live in..

Mark my words though the 2020-decade will be as transformational, transitional, and pivotal as the 1940s.Bottom line--appreciation is where the money is made, consider cash flow a defensive play and way end of the chain of the reasons to invest in physical RE.

I have spent decades buying pre foreclosures and foreclosures and some defaulted notes as well..

@Christine Aledam I’ve been investing for decades in various forms and do not have an LLC.

(Ask me how I know this.)You'll be priced out of virtually any quality market as you'll need to put anywhere from 25-40% down if you'd like to cash flow in a deal you don't have to significantly rehab (or found off-market) with interest rates where they're at (and don't expect them to go down to 4% anytime this decade either--a 3-4% interest rate is historically low and investors in the 2010s were lucky and spoiled). 

Semi unrelated, but being in the biz for over a decade and doing $200M+ in transactions, I've got to tell you guys, Doctors are some of the worst business people out there.

You will find a ton of NARPM members, some with thousands of units under management and decades of experience, freely sharing their wisdom with you.

If you spend a couple years of cashflow on a new roof, that means you should be free and clear for a couple decades.

", if you can be thoughtful and diligent and very skeptical, and wait until things are obviously cheap, you will generally outperform 90% of other investors. equation {Buy low + decades} = RichGet a hold of someone on the phone, about the investment, ask a few questions and get their best contact information.

I know that’s weird but we’ve been here for over a decade, know the market, and know there’s money to be made if we make the right deal.