This is a bright line issue, and unfortunately this is where people lose.RE Pros spend each of the following:More than 750 hours of service during the yearANDMore than 50 percent of his/her time working in real property businessesAdditionally, I talk a lot about the benefits of the RE Pro spouse.

Just make sure you have a real investment plan laid out because it doesn't benefit you to pull the trigger just to end up losing money every month or losing the property because the numbers don't work.

If it's an upstairs living room and those rooms could benefit from having more living space up there, it's still viable.

I would hope a PM is providing a cost breakdown of fees (and itemized) related to a property.We're upfront about all costs associated with anything related to repair and maintenance requests.

A straight LLC will be far easier to get a loan or open a bank account, but doesn't provide the other benefits of a Land Trust.  

Please note, I did not include the tax benefits from deprecation.

For instance, having a network of experienced investors can help you navigate challenges and identify profitable opportunities more quickly.Another consideration is the potential benefits of passive income.

Many investors wonder why they can't take the first or the next step, but the reason is usually not as related to real estate or analysis paralysis as they think.

I know there are some folks who rent two units in the sam building separate but also are able to combine them for bigger groups and having that flexibility could benefit you!

Maybe they benefit and that's great, but a large part of valuing wealth and what it afford comes in the struggle to obtain it.