We are considering long-distance investing for Airbnb or for a regular rental.  

If they can make 3 grand on a deal on the side of their regular job, then that was a good month for them.

I’m an regular listener of the BP podcasts and enjoy reading books on money and investing. 

However, this is a family partnership and I want to keep the equity split identical.

I don't know that I've ever met a 1st gen African LO, but I've met 1st gen LO Russians, Latinas, Brits... and to the extent that African accents are associated with "Nigerian Prince" schemes, note that the overwhelming majority of LOs doing shady things circa 2004-2007 had accents identical to what you would expect my accent to be based on my profile picture, so you certainly shouldn't assume that I'm not shady based on my accent any more than you should assume someone is shady if they have an accent that sounds African.

Sometimes your risk reward changes substantially with the types of projects you can get into for one vs the other.As some other posters have alluded to, time constraints drive a lot - a light rehab/cosmetic buy and hold is possible for navigating while having a 'regular' job - and certainly managing rentals while working is possible as well.The last one, and I'm surprised no one has mentioned this - is market specific. 

Hi David,I currently have 4 properties, use Turnoverbnb to track cleanings and pay my cleaners (and other regular maintenance co's) monthly. 

I know my regular credit score is 780.

The area that you designate as the home office can potentially be written off on your tax return.For example if your personal residence is 1000 square feet and you use 200 square feet regularly and exclusively related to your freelance business; you can deduct 20% of your utilities, water etc.What you can deduct for the rental business, your home office deduction and personal(non-deductible) can be complicated.

The code section that applies is 55-248.6, which provides the definition of "notice":   "Notice" means notice given in writing by either regular mail or hand delivery, with the sender retaining sufficient proof of having given such notice, which may be either a United States postal certificate of mailing or a certificate of service confirming such mailing prepared by the sender.