Like I said, the Trust Documents are in the hands of Phil, or the successor.

It's not investing (once more for the people in the back - flipping is not investing, it's a business)You can be as hands on or hands off as you like, but it's still a business. 

Perhaps ask yourself, which location offers more profits and longer term returns on average and or which location would you rather have to get your hands dirty with, not literally.

My current goals are to build passive income by entering REI by multi-family house hacking and acquiring a handful of buy and hold properties over the coming years.

Being a Realtor I get to enjoy the benefits of learning the market trends and experiencing hands on transactions ,but there is still so much more to learn!!!

I have never invested into property myself, but have been around it and know the fundamentals of how house flipping works. on the other hand I'm not sure how the cost to investment part is calculated ?

If you’re a hands on person then maybe Vegas is the place for you.

So, that really leaves my hands tied with buying any new property immediately.

Hello Steven,Sounds like you have a fun tenant on your hands. 

Currently the rent barely breaks even but the price has appreciated quite a bit.Should I have the condo sold today, I would have about $260k on hand ($180k down pay + $80k profit after exp.)After listening to some podcasts and doing research, I decide my main goal is to buy and hold for the passive cash flow.