Third Financial Preparation Evaluate your budget, savings, and credit score.

And like all real estate, the more stable the asset, the lower your yields will be.  

Material Participation Activities:Property Maintenance: Engage in repairs or construction work on the property to maintain or enhance its condition.Contractor Management: Oversee the hiring and coordination of contractors or handymen for property-related tasks.Tenant Interaction: Communicate with tenants regarding lease agreements, inquiries, or property issues.Property Acquisition: Invest time in property search and evaluation processes, including visits to potential investment properties.Property Management Tasks: Perform activities typically handled by property management companies, such as rent collection or property inspections.Non-Qualifying Activities:Educational Pursuits: Time spent on real estate education or training programs does not count towards material participation.Investor Hours: Hours dedicated to investment analysis, financial planning, or portfolio management are not considered material participation.

I have a contract for deed right now where I am getting fined on a daily basis because borrower has junk in the yard and I keep getting fined because I am on title but I have no way of cleaning it up as I cannotNow say I own other assets in that county I will.

I live in Vancouver, British Columbia, Canada, and have recently embarked on my journey as a real estate investor.I aim to build a solid foundation in real estate investing that allows me to achieve financial freedom.

The percent returns are typically not much better, its just you make more money on a $10M building than you do a $100,000 asset. 

They would most likely use your liquid assets (cash, stocks, retirement account) to qualify to make sure you have enough for downpayment + closing costs.

You may think that since you are running a successful short-term-rental business, your listings could be considered as an asset and potentially increase the value of your property.

Most real estate projects today are either not achieving their preferred return in cash flow or may not achieve this bench mark for the first three, four or even five years -- at this point, there may also be accrued preferred return that would have to be caught up.As a fund manager, what other asset classes are you evaluating to help increase cash flow for both your investors AND yourself?

Forget about cash flow with this type of asset, the cheaper you go, the worse it is.