It’s also important to consider if the work involved aligns with your lifestyle and goals.

Since joining this club I have a new attitude at work and have received a promotion every year since I have been involved and closed some deals on the side.

Have you ever done this or been involved in this?  

Back then, the market was more stable, interest rates were below 4.5%, and distressed properties sold at significant discounts.Today, distressed properties often sell at a premium, and cash-out refinance rates are above 8%.The best BRRRR deal I can find today involves buying a property with cash, investing in the rehab with cash, pulling out 75% of the ARV and breaking even on rent and mortgage.

And I also see many questions popping up about running a short term rental business, which to me is more of a business than an investment although it does involve an investment in real estate. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

The requirement to do this generally involves an experienced GC signing on the borrowing entity as a 20+% owner thus making them a signatory on the loan and responsible for the debt which in most cases is not very easy to find.

Most lawsuits against landlords involve wrongful eviction, security deposit disputes, and Fair Housing Violations.

What paperwork needs to be involved if IRS asks?

I am starting to become involved in real estate investing and I am looking between two cities in Ohio to purchase my first property (hopefully a duplex).