With the limited resources you have, you want the first investment to not only be a learning experience but to succeed.

This is based on my experience, I used to be on the guru “circuit” years ago, and personally knew most of the gurus of the 1970 - 1980s. 4.

.: Quote from @Jay Hinrichs: Quote from @Shiloh Lundahl: @V.G Jason that wasn’t my experience.

They can identify potential investment opportunities... not to mention all the tenant/landlord laws, eviction process, security deposits, accounting, end of year tax statements etc. lots of pitfalls to be avoided.wish you success in your ventures!

I have been investing mainly in trust deeds but like you got connected with Dave and just recently ended up investing in his fund, my primary reason was for diversification and because it is passive. 

In the end, many fail because they make a decision based on the wrong motivation. 

The process protects both their system and users against fraud and aligns with banking regulations, especially given the financial data involved in property management.

I ended up with 12 properties and 20k/mo in income after they were paid off.

In my experience tenants on the lower end of rent tend to cause more damage than higher price tenants.

I did not end up joining.