It’s a balancing act of controlling costs while also controlling risk of personal injury to your tenants and property visitors as well as maintaining goodwill with all involved at the properties. 

The client can distribute proceeds through a private agreement without involving the title.

This allows you to test all the systems and the people involved.  

We are both 28 years old with zero experience prior to getting involved, she works for the business now and I work Blue Collar in the trades. 

I know because I was involved in it with O.C.. 

Investing close to home allows you to gain hands-on experience, learn the ropes, and be more involved in the day-to-day.

My involvement would go down drastically to where the only thing I'm doing would be funding the deals.  

Decide how involved in real estate you want to be.

Continually communicate clearly with all parties involved to make sure that expectations are as close to realistic timelines as possible.

I would tend to agree with the other CPAs typically.The 500-hour test is one of seven material participation tests used by the IRS to determine if a taxpayer is actively involved in a trade, business, or rental activity.