For someone new, if you're willing to be a little active (which you would benefit from at first-you'll learn a lot), I would recommend picking up some high yield smaller properties to cut your teeth in this business.

All the tenants were either month or month or had no lease in place whatsoever so it was easy from a legal perspective to do so.I offered them nothing in return other than superior service compared to the prior owners and a better building due to the new tenants that we would bring in.For both buildings, in less than 10 months, what used to be the largest rent payment is now the smallest rent payment and both buildings are full.It isn't personal, it is only business.

However with 1031 exchanges, and heirs receiving properties on a step up basis, many people end up NEVER paying the depreciation recapture, in which case you get to claim decades worth of phantom expenses to lower your tax bill with no downside whatsoever.  

I would include a study period of X days with an unconditional right to withdraw for any reason whatsoever. 

While you’ll have some teething pains, you can use online services to find all of your service providers until you establish a set of trusted ones.

And when you find it, sink your teeth into it.

Kick the big offenders in the teeth and be done with it.This same lack of logic applies to rent control. 

Lending attorneys are as rare as hens’ teeth and you’ll likely hear the same few names.You’re doing this as a business so it’s super important you develop written lending criteria.

(i have no affiliation with Scott whatsoever)

Gotcha, so materials were not a part of his responsibility whatsoever then.