However, that duplex or quad on some land needing a bit of extra love and care, may just be my ticket to the game!

I akin this to selling lottery tickets yes someone gets rich but thousands of sucker just spend money.. there are not enough deals in the US to go around for all the people you try to recruit.. granted some with flourish.. but that some is 1 in 50 or 1 in 100 and in the mean time your making money off of their cash that they really don't have to spend.If someone wants to be int he business they should get a RE license and create a real career not this phony baloney stuff or they should make their money in another business then enter RE investing with CASH not broke and homeless.

Gotta buy our tickets to Belize.I try to always tell people to calculate failure when they do an investment.  

And that the big ticket repairs will eventually popup.

That’s the ticket I think just keep calling banks....Only takes one!

I have been thinking that investing in syndications with trusted, conscientious sponsors would be the ticket to passivity w decent returns.Regards,Rudy

Cash on cash or IRR calculations aside, big ticket maintenance items will eat years of cash flow overnight.You need to scale up somehow.

I’ll answer anyway, I’m not FF by any means but for me it was buying a plane ticket and spending a weekend in the market interviewing everyone who would meet with me and surveying the neighborhoods I was going to buy in.

If you don’t …..be prepared to receive several tickets for things you didn't know your tenants were supposed to (you really since you are the landlord) do.8.

Find out what service providers the “big guys” are using.For the big ticket services, I like to price compare a few common service issues BEFORE something happens.For example;Plumber: Replace a 50 gallon water heater (or whatever size you have) normal and after hour pricing, in case it goes out on a weekendSnake / clear a clogged toilet ( I have a photo album of all of the things our plumber has found in clogged drains over the years ) don’t judge!