.: I always play it by ear.

So, an investor could easily cashflow right away.Those days are over.Landlording is a long-term play.

Retirement accounts are designed to be invested passively so when the IRS sees you running an active business in it, to level the playing field between retirement accounts and other business the retirement account incurs UBIT. 

I would say you need to play to your strengths, whatever those might be.

They loved it because they got some play money right away and steady income each month without having to deal with toilets and tenants.

Quote from @George Skidis: Not an attorney and don't play one on television.

I saw in a news release where they had bought in another property in Winter Garden for 85 million or thereabouts - does anyone know what fund that purchase is in - is it a new play altogether?  

Well I have seen this come into play - I had someone who has a note in florida that was a non-owner occupied loan and the lender claims the borrower failed to make payments on this and attempted to record the deed in lieu.

So seems like a decent play for cash flow but not much for appreciation.

We cannot breach our guests' trust by playing games with them.