If they're not actively involved, It needs to be done correctly.I had a friend a few years ago do this through mortgage notes. 

You can look this up with the City which makes active and inactive trade licenses available to search.

I have a lot of passive activity losses on my tax returns which will keep getting pushed forward. 

What we are seeing is a massive increase in the number of properties for sale which has resulted in more competition between sellers and more of a balanced market than we've seen in a long time.If we continue to have a high number of properties for sale and a shortage of active and able buyer's then we should have some really solid buying opportunities even if the overall market doesn't drop. 

If you invest that money elsewhere you should expect 8, 10, 12% or even MORE if you do active value add investing like BRRRRs.

I just went to real estate investing clubs and promoted the property for my first deals.

I am licensed as a realtor but do not use my real estate license for realtor activities.

As the title states I am soon to be leaving active duty with the Marine Corps after 8 years and will be moving back the the great state of Wisconsin, Green Bay to be specific.

At the end of the day the goal should be to make enough to give you an optimum lifestyle but not go overboard and cause yourself more work/hassle if you don't actually need the additional income that comes from it.Increasing the quality of the area/properties should make it easier management wise and if you don't necessarily need the cash flow now could end up ahead in overall return compared to the lower end areas, especially if you use leverage.I think it depends on your source of active income as well and how long you want to continue doing that for.

Clear unlicensed brokerage activity aside, ask yourself this question.