You just need to be cautious given the lack of TRUE transparency in these investments.So my thoughts: A) Stash your cash in some low yielding account while you gain the knowledge, build your team, work to understand what makes one project or sponsor better than others, understand market drivers, etc.

We are all doing this as team work to get our investment portfolio started as well as get traction on our businesses.

AZ was an easier since i used to live there and am more familiar with the cities, geographical layout etc, but i have never been to AL before i started investing there. i think once you read David Greene's book, if you agree with him, you'll realize that it doesn't really matter if you live there or not, it all comes down to having a great team working for you, and with the internet, you can really do a lot of the knowledge understanding before making a trip out there to figure out that's where you want to invest in.

Patience, understanding, and teamwork i am learning is all part of the process.

I have a solid team working on the acquisition and PM fronts.

When you are responsible for the lives of your fellow firemen, you learn very quickly how vital teamwork is to success and keeping us all alive.

LL would prefer to not know and not be held libel if the vicious animal bites another tenant, however, teamwork with tenants is important in this situation.

He has a professional team working with him.

My team works with many affordable contractors in Houston. 

We had the contracting team work on this remodel at the same time they helped with the other 4-unit, which provided some discounts on repair costs since they were able to treat the project as a single work site.