I'm not letting you know how much rent was actually paid last year because that information would just confuse you about how much of a hot money maker this deal is.

There is a monthly in person BP event, an event called pints and properties, a triangle deal makers session, NCREIA, and Triangle Real Estate Investors Association (TREIA) that meet in and around the Raleigh area. 

I am a very real person and I make real money doing deals.

Other gurus make real estate seem very easy.

VNQ + VNQI would get you part way with 812 individual REITs going forward, in a low expense fee Vanguard format, but I don't know of any market maker yet with a total REIT index as an ETF or mutual fund yet?

There is also one decision-maker: the fund manager.The downside is the fund manager has to get paid, so that’s a point of friction on your return.  

Then look at what you'd make renting it out.

I really want to make real estate work and I'm extremely passionate about it.

One person is the decision maker and owns 51%.

Right, the list of things to maintain and/or replace is never ending; rugs, AC filters, light bulbs, water filter in fridge, detector batteries, pest control, coffee maker, stove eyes and pans, silverware, bowls, glasses, sofa cushions, pillows, blinds, brooms, mops, vacuum, brushes, shower curtains, bath mats, beach towels.