That's also not a deterrent to REI...and it never was, and never will be.The real key comes down to analyzing markets, and not just individual properties. 

Over the years, I’ve witnessed both newbie and seasoned investors get misled by various players in the real estate game, from wholesalers to contractors, realtors, property managers.

Each individual needs to assess their own ability to handle costs over that time frame when cash flow may dry up.

Residences and cars are not purchased in individuals names.  

You will have two separate K-1s as you are each individual owners.  

To me every generic question like this post, the first response should be an AI response, followed by individuals personal take and experience.OP:Start small and Make Your Big Mistakes Early. 

Denver and its surrounds have particularly active markets and a lot of active individuals offering ancillary services so I'd suggest you research those available services you're looking at offering to help you get an idea for what is well covered, what is lacking and what your competitor's pricing looks like.

Networking events, seminars, and workshops help you connect with like-minded individuals and mentors.

I'm invested with individuals who have each put much more cash into the deal than I have, and their only compensations is a fixed percent of total profit. 

Furthermore, the individuals entering into these agreements believe the transaction to be a loan.