There are also several funds out there that provide high single digit yields that are low risk. 

I talk to so many people who regret not getting a PM up front because they are having problems or high eviction rates doing it alone.

Quote from @Joshua Tucker: What specific tax benefits can high net worth individuals receive from building real estate on tribal land?

Having toured some of the most prestigious, expensive and historic estates and properties from Brookings to Astoria, there is still considerable investment opportunity at the very high end of the luxury market.

I looked at their booking calendar one time and thought it was pretty empty.I guess you don't know until you try...and probably depends on if you want high occupancy or high rate?

They are short term loans, usually 6-12 months, high rate, interest only payments. 

@Cole Bossert I think @Sarah Kensinger and others have touched on the biggest qualities, especially communication.

You will not need to join CAR/NAR and I offer super high fee splits. 

I know a lot of investors have done very well in Peirce County but I just haven't learned or know enough about that market to make an investment there.Washington state properties are expensive and can be difficult to make breakeven let alone cash flow at this moment due to the combination of high prices and interest rates. 

So if conventional primary residence rates are that high, par rates on investment properties are generally higher.