Since then, I've completed many projects in the portland area, took a hiatus from engineering in 2017 and got my RE License so I could do RE full time.

I know that we would do a confidentiality agreement saying that he cannot do RE with the strategies I teach him in a certain area for a certain amount of time, but is there any other things I should let the attorney know before he writes the contract?

I want to do RE full time, so looking for guidance on what has worked for you on making that jump.

And it's a challenge when I need to go do RE related activities.

Working on nego right now.I pretty much try to treat my buying and selling cars the same way I do RE.

Suspect areas can have more damage to the unit,turnover,non payers,and excessive management fees (sometimes 12%).It's when you have to deal with problem tenants,evictions,repair issues,etc. that it can take up a bunch of your time.The rate you mentioned for management is normal for my area.Investors only see how much PM's make and PM's see it mainly as a thankless job that pays very little.I can't speak for them but this is the consensus I constantly hear.I looked at the model years and years ago and there is no money in it for a massive headache as a broker/agent.At least not what I classify as a needed return to justify it.Make sure if you use a PM company that they do it full time so they will have systems,processes,and experience in place with contacts as well for repairs.You do not have to use their repair people but it is good to have the network there if you want it.Also build in the PM cost when analyzing a rental and offer accordingly.HUGE MISTAKE is not including PM fee and say you will do it yourself.You try for a few months and then get into a nightmare and no longer want to do it.You hire cheapest PM as you did not figure into your numbers and then the problems start happening.Make sure you include immediate capital repairs to get rent ready when buying and set your reserves as well for vacancy (still pay mortgage if not cash purchase)as well as unexpected items that go out.You have to decide what your main investing goal is.People I know that are already wealthy will spend more to have a property in a nicer area with less cash flow but more appreciation long term and use it more for a tax shelter and refi down the road to buy more properties.Others have it for more cash flow and some appreciation to hold long term and others who want to quit their job and eventually do RE full time are looking to take their small amount and get the biggest bang for the buck regardless of how big a headache it is.

I'm definitely going to look into syndications, as I'm not looking to do RE as a job but use it as an investment vehicle that can throw off cash for starting additional technology companies (my real passion).

AustinMy view is fund 401k always and then save up to do RE as well.

Most of the investors including myself do RE to preserve wealth, i.e. have 7-12% income on cash invested.

If one of my insurance agents is struggling to meet his sales goals and I know he is spending a significant amount of time trying to do RE deals (wholesaling in this case)... how lenient and understanding do you expect me to be when he wants his draw extended another 3 months?