A good checklist for quarterly walk thru, checklist of age on appliances and mechanicals for forward planning and do the upkeep to keep things in good repair.

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

If you walk streets and drive 8 hours a day to net average of 1 deal per quarter @$10K assignment fee, then you are essentially working for free or for very very low compensation.

Typical wanna be real estate guru, the timeline related to his claims of wealth garnered seem to change quarterly.   

Hey everyone hope your enjoying your fourth of July!

If you took the top 3 players to lunch or dinner quarterly, you'd spend a lot less yet gain a lot of knowledge.

But one doesn't expect the one who is MANAGING the money to: a)  not return our calls or textsb)  not return our emailsc)  fail to provide you with "accounting" on all of the assets with a basecamp account,  as the JV agreement saidd)  not make quarterly payments from the assets that reperforme)  not appear to be "working out" the assets at allf)  fail to return the principle and 12% interest after the year is up and the assets haven't soldg)  JV with ANOTHER party on the same asset(s) he JV'd with you on (which happened to me).This is not just "losing money" while investing. 

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

You should be receiving some type of quarterly statement from the GPs of the deal showing how they are doing and what the NAV of your LP ownership is, including income you've received.

I can get a great beach front house, one warm waters (Gulf Coast) with pool, 3K sqft, maid's quarters, in trendy area, very new high end finishes for about $2.7m USD.