Make more money, buy more buildings, and repeat.These folks have compounded their wealth significantly faster than their W2 counterparts since they don't lose 30-50% to taxes each year.

That seems like free money :-)How does one find fully depreciated assets that are generating passive income.

And how much money are you making in your current job that you would want to replace with your real estate income?  

If a tenant refuses to pay, one wrong move on an eviction notice can reset the process, causing your friend to lose months of rental income.Courts tend to favor tenants who can prove the landlord failed to follow legal procedures—and without experience, it’s easy to make costly mistakes.The Harsh Reality: You Have No Skin in the GameYour friend is putting up the money, the risk, and the liability.

Top performing multifamily investors make money.

With this amount of money there is probably going to be a gift tax that your friend would have to pay.

After you do that then you offer to buy him out of the deal, if he says no then get your attorney to turn it up a notch.If you are kind and generous and do nothing, you will lose a lot of money.

Once I'm able to retire and remodel full time, I'm eager to make great money.   

Maybe a better question would have been if you know how much money you have for a down payment on a property? 

With Alterra money in the resort and private money developing Roam in town, we could see a lot happen there.