If you want a true passive investment that makes 6-10% I'd suggest looking at investing your money with a syndicator or other experienced investor who knows what they're doing.

Hello everyone!I am 31 years old, currently in grad school with a family of 4 (including myself), and currently rent. I have 1 more year until i'm on my way to start my "so-called" career in what I truly do have a pas...

(it's not worth depreciating a $35 table, anyway)  Your actual issue is that if you were to be audited, you will not have receipts for things like your Craigslist purchases.Find a CPA who is experienced with real estate for sure.  

But comes pros and cons of it and comes pros and cons of being experienced and set in your ways.Good luck buddy.

I keep listening to podcasts and videos in experienced investors who don’t go for anything with less than a 15% return.

My HM lender actually required me to have an experienced rehab coordinator to oversee my project, otherwise they wouldn't have funded me.

@Tommy Cangelosi I'm not an experienced lender but if the bank you work with is able to do a desk appraisal for the Heloc and there are no snags, you could close on the Heloc in about 3 weeks.

She is experienced working from home for a cell tower business.

An experienced HML will also have a vetted loan package, with all the required documents and disclosures and the experience to work with escrow and title to originate this loan.

I think managing your self as you grow gives you the opportunity to pick the appropriate management when you grow to that point of need because you have experienced all that there is for yourself.