It's crucial to thoroughly research different neighborhoods before making a decision.Regarding cash flow, it's best to set realistic expectations. 

Some will collect first, last, and a deposit equal to a month of rent.

Staying up-to-date on these laws is crucial to avoid costly legal issues and fines.

There are obviously other metrics that have to be met, such as the gross monthly rent has to be equal to greater than the total principal, interest, taxes, and insurance; that is the debt service coverage ratio (DSCR).

The process is equally rigorous whether you went to college or not.Regarding the original post, I suggest linking up with an experienced GC and working under them for 6 months to a year, even if it's just as a part time apprentice.

The west has far more democracies, better ability to depose of leaders, less dictators, more equal rights, greater transparency, more accessible property rights that are enforced in courts, more trustworthy banking systems. . .

You could all be equal owners in an LLC and contribute start up cash with specific rules on payback timelines and then distributions.

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

Outside of that, your other options would be to buy a house using investor financing with an LLC that you're equal members of, and share equity of the property. 

On tax benefits, last year we had a tax loss on our MTR business that lowered our personal taxes by an amount equal to 20.8% of our MTR gross rental income.