They also provide guidance on entity selection, tax strategies, and long-term planning, which can save you money and trouble in the long run.

When I'm selecting an insurance provider, what sort of things should I be looking for?

You'll want to be very selective but there are funds out there that return 10% - of course your principal is at risk in this scenario.  

You can also look into community solar projects if you're not ready to commit to a full commercial lease.Timber Harvesting: If there are trees on the land, selectively harvesting timber could generate income.

Did you ever select a program, which one and want to share the experience?

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Mentors are also very selective about who they mentor.Someone who teaches for money is a coach -- especially someone who will take money from anyone, regardless of their likelihood of success.

I could have done better in selecting my properties.

Properties in wealthy suburbs like Mountain Brook or Vestavia Hills won’t meet the 1% rule, but select deals in Forestdale or Bessemer might.But if you just take the median rent in Jefferson county and divide it by the median home price, it’s going to look like nothing meets the 1% rule—when in fact pockets of it might.

A select few will also provide contact phone numbers.3.