@John Warren There's a never ending debate on how much an LLC really protects you, as compared to merely buying a generous liability insurance.

As you compare the deals, you'll start to see what's important to you as a passive investor. 

Vaping should NOT have a negative affect on your property's interior, it doesn't contain all of the residue/smoke that traditional cigarette smoke contains.

I live quite modestly relative to my income and I'm young enough that I'm fine jumping into a job again if I need to, so I've got a pretty high risk tolerance (so long as it has comparable reward potential, of course).I've been planning on just making money off the investment income, but I've always been rather interested in real estate investing and it occurred to me recently that I will probably have an easier time getting a mortgage now with my income than I will in a couple months when I don't have an active income.

@Sam Josh You can cash out for any purpose but did you compare HELOC on PR and cash out on rental property interest rate.

I’ve not had a chance to research the percentage of households that were renting at the end of the recession as compared to before to see if there might be a potential benefit to having rental property in a period of time when people are not buying homes.Good luck with the first property!!

If you still are still undecided after considering those factors, I would compare both markets.

I do think you have an idea worth exploring, but I wouldn't be surprised if there is some potential customers turned off by the look/feel of the industrial containers as opposed to traditional building so it may limit your customer base some.

Here are my numbers:$82k PP and CC$60k renovation (fully permitted)$3k holding and misc$145k all in$200k ARVRents range from $650-850 (of course I think for a brand new unit we'd command the highest rent)$55 gross profitSo if I went traditional I'd spend another 13k in closing and agent fees.When our investors fund the entire deal we share 50% of profits so why not find the end buy and hold partner in the beginning and give them that 50% discount on the property.

As Rick mentioned wholesaling of traditional real estate or notes can be a great way to increase your IRA.