Other models can also be applied whenever it suits optimal investment.

If you didn't, plan for one in the future.With respect to purchasing another property, now may not be the optimal time given where we are in the cycle of the housing market.  

1. be present where i am: time w kids, time w wife, balance my work sched n personal sched - no more blending... hence, being present where/when needed2. have a web service running n netting 1k/mo on avg for y13. flip 2 homes4. buy a >/=4u rental5. build up some consulting work: collaborate n help small biz (10+) w marketing efforts (web/local/mobile venues) on an ongoing/reg basis6. reach net 25k monthly by end of year w combination of new biz created in 20137. health: maintain optimal weight by April, run 3x wk, green smoothie daily8. pray daily, go church weekly (no longer weakly), journal/meditate daily9. review goals monthly, plan weekly/daily10. volunteer monthly

Was thinking that by taking over an existing business, optimizing operations and eventually replacing myself I could create passive income too or is that just me being idealistic?

@Carly DuCharme, what are the most important features/tasks that you want to optimize?

This includes making physical improvements, optimizing income and expenses, and properly managing the park.

Better to evaluate a deal on its own, then arrange your financing situation to optimize your ROI.

It is scary and difficult to save the world, but I chose this investment strategy because it’s profitable and my optimism gives me an unfair advantage.

Although I don't intend to clean our units forever, it has been good to do it to start with because you get first hand knowledge of what is involved and discover ways to optimize your process each time.

.- number of units (in the case of MF)- location of real estateThe investor has to decide what mix is optimal for their situation.You should also look into these threads - 593044-separate-llc-vs-one-llc592496-break-portfolio-into-multiple-llcs597657-should-you-form-a-llc-for-each-individual-rental-property648640-how-many-properties-do-you-have-in-your-llchttps://www.biggerpockets.com/...