With that said, we really know what works and what doesn’t, we have a strict process as it’s proven and are selective with who we take on as clients.  

- I would select a market that allows you to purchase a cheap (under $150,000) single-family in a C+ or better market.

For illustration purposes if I were given the opportunity to finance my construction projects at 8O% LTC full recourse or 70% partial recourse I will select the higher levered recourse option because have confidence in my projects knowing the debt is sub 60% LTV and want the benefit of leverage. 

@Jonah Gunalda sponsor selection is critical—if you are investing with first-class sponsors you’ll mitigate one of the biggest risks in the syndications space.Start with this book.  

Convert the Property to a Primary Residence: If you live in the property for at least two of the five years before selling, you may qualify for the primary residence exclusion, which allows you to exclude up to $250,000 of capital gains ($500,000 for married couples) from taxation.4.

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

My personal experience is managing ~4 MTR/LTRs but I'm feeling like I need to expand to something more automated Hey @Rene Hosman, we use QuickBooks Online exclusively for all of our REI Clients.

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.

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.

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!