If he doesn't have time or desire to complete those tasks I'd take every dime and invest in mutual funds, stocks, ETF's, or anything passive and low risk.

.: I suspect that puts you 7 more rentals than many of the attendees :=).Sorry you cannot go, you know so little that it has no value to for you to learn anything additional :=).I I'll assume that's just a joke, I started 7 years ago, growing organically, 1 unit per year all on my own dime and self managed.  

Even if I never see a dime from the 2nd, that entire balance would have gone to the IRS and FTB anyway. 

A free ride on the banks dime right?

Dang Leslie, but everyone says I can be a millionaire without a dime in my pocket doing wholesaling and using "OPM" if only Id just go do it.

In Aussie, buyers agents are a dime a dozen and the only one's offering such a service are the "pumpers" that promote themselves as "financially free and if I did it, so can you"So mostly investor focus and work as buyers agents nationwideGrazie mille The 6% thing is an aggregate number, it's never been a standardized singular item. 

Must be nice.Edit: Telling me that my property was a bad investment 15-20 years ago is like me telling you that you failed as a stock investor because you didn't beat the S&P 500.First I was purchasing RE since 1993 and 13 years ago (not quite 15 but I suspect similar buy criteria) I started purchasing regularly.  13 years ago 1% properties were a dime a dozen.  2% was the goal (the rule used to be called the 2% rule) and was challenging in coastal southern Ca, but 1.5% was not that hard to find. 

Building inspectors love quoting "A structural engineer" for anything and everything.Even a dime size hole in the siding.They kill a lot of deals with their terminologyJust my opinion.Thanks 

Many have gone like the wind, new ones pop up and will also disappear with the next breeze.Selling crap properties, in crap areas for more than they are worth and then passing on to 3rd party PM that nickel and dimes to death.It's a shame but it's been the same cycle since I started in 2012 and even longer that I remember.I feel sorry for such investors that commit so these providers but I feel even sorrier for those that try DIY BRRR from out of state.Asset classes are variable and "Potato" "Potato" lolFor example, I can almost but guarantee that my B class in Toledo for $90,000 for example is D class in Cinci.Lived in Middletown and owned a few rentals in Cinci so know the market decently.It also comes down to how someone was born and bread.I had investors come from Cali and laugh at me and my "B class" properties.They said it's Z class.Even tho my entire team lives in the area and so did I for 10+ years.No silver spoon in my mouth growing up and I wouldn't sacrifice my families safety in a so called "Z class" area.But we are all different, right?

Good luck most of my best deals dont cash flow a dime.. never have never will but deductive reasoning will see some nice appreciation over time.. example for me  Rohnert Park CA.