With multifamily you can be either active or passive and both are much different paths or education. 

It is very crucial to have someone who knows real estate, not just rentals to help maintain the books. 

Research your local market trends before starting, and have a plan B (like renting out the property) if the market shifts unexpectedly.For anyone new to this, patience and flexibility are crucial.

@Joe Mathew We've been active i Kansas City for 10 years.

My point is knowledge is crucial, it’s not necessarily a deal breaker.Best of luck!

Part of my reason for getting into REI is so I can live the wanderer lifestyle while I'm still young enough to do it and enjoy the activities that we love; we have a Northern Lite truck camper and while it's a bit too small for my husband and I, our 2 dogs and cat, it's perfect for traveling up to a couple weeks at a time, which is what we both want to do.Thanks again to everyone for the great advice and warm welcome.

You have to enjoy what you're doing and if you don't, find a way out of those tasks/activities and into something you will. 

I’m active duty Air Force with four properties.

I work with an active investor in this type of market to help her build this private lender army to fund all her deals.

I wanted to let you know that I have security cameras installed around my property, which allow me to monitor activity, including the tenant’s comings and goings.