It's a balance of cashflow and wealth accumulation.One of the goals is to have tenants pay as much of your cost-of-ownership as possible (loans, taxes, insurance, etc.)In high-cost areas, any Class A or B property you buy will usually negative cashflow for the first 3-5 years, until rents rise enough to cover the negative cashflow + rising taxes & insurance.Investing OOS increases your risks because you may not know the market and you can't check on everything/everyone all the time.If you move forward with your buddies, HIGHLY recommend creating a solid Partnership Agreement!

The Mastermind is a fraction of the cost of most seminars and really just covers the cost of the experts we hire to serve the community. 

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

And that's where they get in trouble.I have never taken money out of our REI portfolio to cover living expenses.

Our cleaning fee covers professional clean, laundry service, and consumables. 

It's been covered extensively. 

There is loans that cover the purchase and rehab so you could explore that.

This information is then linked in the database—think of techniques like pulling signatures from mortgage documents and extracting unit counts/construction types from building permits.This allows you to search my name and instantly see all of the rental properties and construction projects I own, even though they are well covered by holding companies.

Flips have done good not great, Air Bnbs are going good not great, and rentals all were brrrr'd perfectly but like most cash flow just enough to pay the bills and cover expenses.

It's amazing what you find covered up in these properties.