Fundamentally the product type doesn't matter a whole lot if you set things up well, but you do need to disclose around the risks that you anticipate for your fund type, situation, and product type. 

In real estate you don't have to do it yourself but certainly you have to be aware that you will need to work to get these systems up and running effectively and profitably.In addition,Nothing can take the place of fundamentals.

You do have to put in the time to learn the fundamentals and understand how to apply the proven methods to your personal situation.

My personal opinion is "cheap money" and "tax incentives" boomed building more than supply and demand fundamentals the past 4 years.

Just remember to stick to what you can afford and stick to fundamentals.

That's to set up your 401k after you have a non passive income company.On the 401k side you will want to have a strong fundamental understanding of the rules and prohibited transaction or situations after you get started.  

This fundamentally changes how you should think about the debt.A mortgage on a rental property is not an operating expense.

So, get some fundamentals in place about what your goals and desires are...map out a plan for achieving them and go do it. 

Otherwise, be sure to check out our Ultimate Beginner's Guide to Real Estate Investing -- it'll give you most of the fundamentals you need to get the ball moving.

I definitely remain interested in Reno given your points about its fundamentals, and it’s proximity to where I live.