Don’t call the random agent down the street with the company that advertises on TV.

As you read these books, watch the BiggerPockets podcasts.

One thing to watch out for... it is a tax, but not an income tax (so it applies to Roth accounts as well). 

I watched some of your videos on YouTube and was impressed.

There are multi-million dollar houses that you can walk just a couple short blocks and watch the neighborhood get pretty rough and potentially dangerous.

If you do not have 300k income you are not even allowed to participate at Accredited-Investor only Investment.It's just matter of time until the authority comes and investigate more private investment that involves public/investors money.I am also involved in certain clawback litigation against previous quite-famous-syndication that was under SEC receivership now.It's fun to watch how the GP has to sold all their Rolex watches to bring back the money back to investor.

As others have said watch out for property taxes and home insurance too. 

The ones I manage total to 20 bedrooms.These rooms rent for between $125 to $225 per week depending on room size and amenities in the room (beyond basic amenities may include: Desk, Tv, private entry, tenant controlled AC, additional storage).This month after padsplit takes their 14.25% cut of the revenue I am recieving, from the units I own, $15,230 from 3 homes.

Do they save women & children first, or do they abandon ship and watch it go down from afar?

As you read these books, watch the BiggerPockets podcasts.