Lots of people who invest in real estate and have a good amount of wealth do work hard, but they also watch where their money goes. 

If you plan on pulling permits for this work, your jurisdiction will watch this closely. 

For the person with little to no wealth, just getting started, putting their eggs in one basket and watching it carefully makes more sense, likely up to the first $500K - $1M. 

Just watch webinar of Matt and was considering them ... so glad I saw this.Now I'm questioning my judgement / research. 

If properties in that area tend to appreciate more slowly, especially if you can't start renovations immediately, you may sit on that investment watching potential profits get eaten away at slowly as inflation passes appreciation. 

and I gotta tell you it's really fun to get to see the impact of my legacy gifts while I'm still around to watch my children prosper.  

But I've watched a lot of cases carefully & studied enough of the law now to know there are ways to fight it in court.

It is not really apples to apples, but generally speaking the more money invested the further ahead you will be eventually in the future, just because your compounding base is higher, regardless of where the money comes from - ie, 4 300k properties are 1.2 million on property, which is double the 600k property.

Despite being based in NYC, I’ve learned to delegate, handle operations remotely, and watch my brother thrive as a leader on the ground in Boston.

Hang out at the jobsite as much as possible, watch and listen, learn from your subs.