I would either stay in the stock market or diversify and invest in a fund/syndication/reit. 

@Michael BaumEvery property we ever stayed at had a physical book so yes - it definitely suffices.

He prefers to stay in his comfort zone rather than risk feeling inadequate or rejected in a relationship that would challenge him to grow.By creating a narrative that vilifies attractive women, Jake shields himself from the discomfort of confronting his insecurities.This is very similar to how people feel about building a business, investing in real estate, starting a new hobby, or creating new relationships.

Since the original mortgage stays in place, you only need to ensure the reinvestment equals or exceeds the proceeds.

Mine was also out of state, in a town I’d never visited, and I relied heavily on videos from my agent.This sounds like a tough first deal, but it seems like you have some capital on the side, which will be useful as you face the upcoming challenges and learn from those expensive early mistakes.Regarding the subject of this post, “help me adjust my expectations,” I’d recommend assuming that; repairs will cost twice as much as you estimate, maintenance and vacancy rates will likely double from your initial projections, there’s a very real chance you may lose money on this deal.That said, there are ways to mitigate these risks by:- Keep asking questions here on BP and connecting with local experts- Stay proactive and communicative with your agent and property manager.And remember “Inspect what you expect.”Im not trying to discourage you but to help reset your expectations.

A short-term rental with a stay of 7 days or less + Material participation =also non passive.

Generally I get 3-5 year minimum stays.

Practice analyzing deals, explore surrounding markets if NYC feels too competitive, and stay persistent, closing your first deal takes time but is well worth the effort.Good luck!

Sprinkle in some Sam Wegert "coliving" strategy or Coach Carson Student Living and you can crush it while staying small and mighty while putting 15 or 20% down.Coach Carson on student living: https://www.coachcarson.com/studentrentals/Sam Wegert on CoLiving: (starts at around 45 minutes): youtube.com/watch?

A good coach will push you to take action, focus on the action that creates traction, stay consistent, and follow through on your commitments.3.