It should open up some doors for investors looking for cash buyers, joint ventures and all sorts of things.

Currently, I engage on flips with my brother in laws who own a construction company.  I have zero construction experience. We formed an LLC and split profits 3 ways.   I want to reposition some multi units and am look...

Maybe you should partner with someone for your first venture.  

Good experience to DIY, but will hire it out on future projects.

@Amar Modi I would do syndications or do joint ventures with people I know, like, and trust before I would ever do a REIT.

I had a tenant move out and there is not much to do.

They did not deep clean but I can finish the place thoroughly clean in two hours on this 1400sqft unit.

Would you clean it yourself or hire a cleaning crew since ...

I've also gained invaluable experience in DIY repair and improvement regarding everything from basic cosmetics like painting and changing light fixtures to completely redoing the old caste-iron plumbing on the property.Despite the increased cashflow, my family has had some unexpected medical costs that set back my savings goals for the next investment.

I would also venture that their credit is so good that the foreclosure hit has minimal impact.

Frankly, I have never lost sleep over liability issues in any business venture and while I have formed several LLCs and corporate entities, the main purpose was not to hide from liability, it's nice to have an additional layer of protection, but it's how you conduct your business that keeps you out of trouble, IMO!

It's hard sometimes to do joint ventures with family when people have different opinions or when things are misunderstood.