If you like the neighborhood, chances are other people will want to live there as well.

The Multifamily Mindset also sell a website service called Engager AI to new students as well.

All good reading and listening, education is best and if you want to learn you have to ingest as much information as possible.I read many books that helped me, but my go-to is listeining to at least 2hrs of podcast with real examples per day.One very important things that "want-to-be" fails is to understand that real estate has many different specialities, so you have to focus your time in your real project.

There is more beyond merely setting it up though involving the operating agreement, separate accounts and books and no co-mingling and many people don't keep that piece maintained too well. 

Best,Sebastian While i typically say when lending ROI should not be used and IRR is, ROI if its 12 month loans can work as well since most people do not reinvest immediately the monthly interest payments and IRR is based on the reinvestment rate.

I have also made the move from being a US investor to living in Spain.

That's unusual and it would be very difficult to find a passive investment like that.Also direct control means I know exactly what's going on.

Quote from @Brandon Le: Your first purchase could/should be a house hack.

Soon there will be a refinancing event wherein I will be cashed out. 

The key for me wasn't to invest in the 'best place' but to know a market so well that a deal jumps off the page when it appears.