A prudent investor doesn't seek quick riches through shortcuts.

She reported no financial assets.Her company has not filed for bankruptcy.Van Gundy has boasted she was part of one marketing group’s exclusive “two comma club” for earning more than $10 million.She’s currently out of work and collecting $600 a month in unemployment compensation, the court document shows.Luttrell, the attorney for creditors, asked Van Gundy during the meeting what happened to an offshore account that held $20 million worth of gold bullion as of Sept. 3.

Passive income in real estate still takes work, and most of time, that second job.The worst part of all this FOMO about quitting is that people don't even try at their jobs anymore.

It requires significant work, and I'm concerned that some additions made by the previous owner may not comply with building codes.

You would also need to be at the project site every day watching the work and managing the contractors.

You'll offset your own living expenses, you can do it for very little down and you'll get some experience landlording and understanding how the tax savings and depreciation work. And

It all depends on the scope of work and your available time to put towards organizing and finding the right contractors. 

It was just the first one to work. And

What I will do is attempt to find a QUALIFIED substitute tenant, credit the original tenant with the rent paid by the new tenant LESS one or two months fee for the extra work and effort, but I will NOT release the original tenant from liability should the substitute tenant default.Look, the bottom line is that renting to tenants is a business, just like any other business.  

I'm not entirely new to RE investing, just new to a program where someone else is doing most/if not all of the work and I'm benefiting, despite paying Kris's team to do part or all of the work.