I started in the market by making connections via BP, FB, IG, Craiglist etc, Set appointments and flew down to the market once per quarter for about 18 months to shake hands and kiss babies. 

For example, here's one I actually put some money into:https://www.realtyshares.com/investments/courtship-village"Distributable cash flow from operations and proceeds from a capital event is to be distributed in order as follows: To all investors pro-rata and pari-passu until investors have earned a 9.0% annualized preferred return;Proceeds above a 9% annualized internal rate of return to deal-level investors are to be split 80% to deal-level investors and 20% to the Sponsor, until such investors have earned a 16% annual internal rate of return;Proceeds above a 16% annualized internal rate of return to deal-level investors are to be split 70% to deal-level investors and 30% to the Sponsor, until such investors have earned a 24% annual internal rate of return;Proceeds above a 24% annualized internal rate of return to deal-level investors are to be split 50% to deal-level investors and 50% to the Sponsor, until such investors have earned a 24% annual internal rate of return"So yes, as an LP I get cash distributions on a quarterly basis, and then also upon an exit event. 

As long as you are doing regular inspections (quarterly) and doing repairs immediately billed to the tenants turn over costs should usually not amount to any more than paint and minor repairs.The key is never leave repairs till they move out, that is way too late. 

It's also maybe a quarter mile from a private college.

A relative of mine just bought a house there for three quarters of a million dollars and Butler County assesses it at $41K.This goes a very long way to explaining why the community of Cranberry Township exists.

I don't have to deal with day-to-day decisions and I just get monthly/quarterly reports. 

We talk with them quarterly to tweak stuff.

@Chad Smith@Chris Mason1) Regarding taking a 401k loan: You would have to confirm that your 401k plan allows for a 401k participant loan (and that you have not had a outstanding loan in the last 12 months since your ability to take a loan is reduced by the amount of the highest outstanding balance of any 401k loan that was outstanding in the last 12 months).If yes, you can borrow up to 50% of the balance not to exceed $50,000.The repayment terms are equal monthly/quarterly payments (as you prefer) of principal and interest (e.g. prime + 1%) spread over a 5 year term (or longer if you will use the loan to purchase your primary residence).

Columbus provides a table on their website on what you should expect to pay each quarter based on the suburb, and amount of people.The reason I suggest doing this, is so you're in control of the property.

I also signed up under the National CREIA (Real Estate Investment Club) and I get quarterly refund gift cards directly from HD.