One is clearly FAR more "passive" and the other vastly more "active", and that is what those terms define.

Actions define character. 

Define, "investor-friendly" agent please.In our experience we've found that +95% of agents only have experience dealing with owner-occupied transactions - which are mostly EMOTIONAL decision based.You can ID these types of agents easily by asking them:1) If they are RE investors themselves.

define reasonably accessible.

I don’t believe Dave is speaking to property investing when he speaks with folk, rather just advising people not to finance another car/boat/jet ski or what have you.As for financing vs cash purchases, it just depends on your goals, the latter certainly makes it cheaper but the former will allow you to acquire more, define your goals and figure out what you need to do to get there.But Dave is right, you should avoid taking debt unnecessarily and in this Dave’s opinion without goals all debt is unnecessary. 

However, the IRS defines Passive income—or unearned income as the Internal Revenue Service (IRS) calls it—is income that requires minimal effort to obtain.

Zillow can be fun to deal with.Anyway, the fun part of the Exclusive Agency Addendum" in Texas is this:"If Owner sells or leases the Property to an Excluded Prospect, Owner will not be obligatedto pay the fees due to Broker under Paragraph 5A of the Listing, but Owner will pay Broker, at the time the sale closes or the lease begins, a fee equal to"and an excluded prospect is defined in the very next paragraph:"In order for a person to qualify to be an Excluded Prospect under this Addendum, Owner must send Broker written notice identifying the Excluded Prospect by name, address, and phone."

I definably learn it.

Yes, this is defined by state statue. 

Hey BP community!I am an aspiring investor, and I'm based in a suburb of Houston, TX. I initially set out with the goal of house hacking a Multi-family property, I quickly came to learn that not only does my area not ...