So I would tell you that 2-5 rentals is a piece of cake to manage - even if working full time (we kept 2 corporate jobs until we were up to 20 rental units.)The other thing I would tell you is that there are MAJOR control differences between being a limited partner in a syndication - where you are more akin to a passenger on the bus which is your investment, versus full control of everything when managing your own rentals.  

@Jordan D'Silva very difficult to anticipate/predict changes in national and local economies, politics, etc.Detroit has been on a 10 year run, that just seems to be getting better & better overall - but, there have been multiple potholes in the journey and there will be more.

Did you guys figure out which forms to fill out for the New Corporate Transparency Act (Fincen)?

The original property manager was a local company and then they were bought by a larger corporation.

You need to know someone in the L&I office or in politics who has some influence to keep your project moving.

Yes, the Beneficial Ownership Information (BOI) reporting requirement, part of the Corporate Transparency Act, took effect on January 1, 2024. 

Folks vote for no more STRs, they are gone and you are out of luck.If there is a large block of condo's owned by a single entity, like a wealthy family or corporate entity, you are also in the same boat.

Sounds like California politics and bureacracy at its finest.

I'm working with a local Atlanta investor, someone I've known from corporate since 2011.

Hi All. I quit my job in tech a couple of months ago and I'm excited to pivot into real estate investing.  I know a lot of people on BiggerPockets talk about real estate investing as a means to an end, but I'm think I...