You'll likely have to deal with drama amongst tenants, monitoring the utility bills, lots of turnover, and the occasional police phone call.

Monitor your income and mitigate expenses.

My thought is to consider networking with apartment investors and invest some money with a couple experienced GPs to start so you can learn the biz before fully committing to run point on an apartment deal, etc.

It doesn't mean you shouldn't invest in it but you should have a network of very trustworthy people in this town that you can rely on to monitor your property.  

The SEC does proactively pursue things as well, so that is a possibility.Syndicated investments will frequently use LLCs with different share classes for the GPs vs LPs. 

As real estate professionals and as GPs on the project, we'll get enough losses to offset all of our income for 2021 and likely 2022 and 2023 for federal income taxes.  

Being able to monitor/review cleans remotely was a huge thing for us (made it worth the fee), but the inventory tracking feature they've added has been an amazing addition to our workflow.I am surprised by how many guests actually use the checkout notification, but it's also been great for us and has even helped "convert" a few would-be 3 Star ratings into 5 Star ratings.If you have a fantastic cleaner who will be with you forever and you can trust to handle everything you need then don't sweat it, just use a shared calendar and some texts/emails.

Bigger Pockets has some great state forums and usually there are good locals that monitor those.

Bigger Pockets has some great state forums and usually there are good locals that monitor those.

Bigger Pockets has some great state forums and local real estate investors do monitor those.