If your job is creating enough free cash flow that you can come up with 1 or 2 additional down payments a year from that, I would concentrate on properties in nicer areas that break even (essentially .8 - 1% rents).Those areas tend to be more wealth preservation.

Real estate issues now advance to city planning issues, zoning, traffic concentrations, population concentrations, development and construction, union and workforce concerns, employee benefit plans as to the liability side.

I feel like I need more free time to concentrate on the house and the car business just doesn't give that to me.

You will need education, licensing and mentoring by a licensed professional.If you would like to concentrate on hobbies, family or mowing the lawn and like being a handyman on the side, then property management may be the way to go.If too much time on your hands will boar you to tears but you want the independence of being "self-employed" then maybe it would be a good idea to look into doing real estate sales.It really depends on what you want out of your career change.

Since you already bought your first condo, it might be a good start for you to just concentrate on doing that for a while and focus on finding deals with good cashflow and appreciation opportunities.

What is the ownership mix (age, rental vs. owner occupied, concentration of ownership with a small number of parties)?

I feel very guilty in doing so, my dad would have had a heart attack, but while this kid is taking care of the little things like the above, I can concentrate on the more important stuff, like building a new front porch and finishing the bathroom rehab.

Boomer Trend: Before I started originating reverse mortgages, I made it a point to do age demographics for every state in the country for purposes of target marketing---according to my research, the median age in Vegas is 34.5....There is no considerable concentration of boomers in Vegas (and 30 somethings aren't known for considerable networths either).

It allowed me to concentrate on those jobs instead of also trying to schedule to meet buyers/inspectors/appraisers etc.I do plan on transitioning more as things progress, I would like to have 2 or more projects at once where I could have crews doing a majority of the work with me just pitching in where needed, managing the schedules, and finding more deals.....

Plenty of those are in need of lots of repairs as in the case of what I'm concentrating on.