I completely agree that while luck plays a role, consistent diligence is what tips the scales in our favor over time.

Real estate is  a difficult business and getting things consistently right is not easy. 

There is no solving it.. back in the day the homeless were on the rails and where called Hobo's its a culture for many and now with drugs the way they are its gotten worse .. then add in all the people trying to help them and enable them to be homeless never going to change.. cant give free food  and clothing out to people that dont want to work they will just keep doing what they need to do to live and basically its a very lazy way to live.Our nation and leaders have forgotten the truth as old as time: Give a man a fish, feed him for a day. 

I get a lot of ads on my Facebook feed regarding investments that may do that looking to hear from someone that is been successful in reducing the liability and not lose money on the new investment

I am long but I also do fix and flips actively and consistently.

Larger, nicer homes tend to be more expensive to maintain and harder to rent consistently due to high turnover costs.4.What are your other sources of income?

However again if your bound and determined to buy the physical assset then you need to buy quality not C class.. you will NOT get consistent cash flow like you are thinking your will. you will have tenants stop paying you will then get NO rent for 2 to 6 months as you evict and then spend thousands rehabbing the house they just trashed..

I'm sure there are agents and investors with deeper insights, but for most of us, a consistent, long-term approach—similar to dollar-cost averaging when investing in index funds—seems like the most practical strategy.That being said, I am also interested to hear what others have to say though, so thank you for the post!

These are boiler plate loan agreements that are consistent with the loans underwriting requirements.

One upside to me would consistent rent scale, meaning if you upgrade one unit early, you set the table for all of the units when done because they are all the same.