That's right, in addition to what you listed, as the asset manager you will be implementing the business plan to ensure that the property perform as it was underwritten; this will require you to conduct a weekly call or visit with the property manager; (this one is very important as you do not want to go more than a week without talking to your property manager any longer it could be a really bad day and you might not be able to provide your investor with the returns that they expected.

Accounting/tax questions:Many of us know that in order to qualify as a real estate professional status, one of the things you have to do is you have to perform more than 750 hours of services during the tax year in real property trades or businesses in which you materially participated.Would the time reading books related to real estate count as part of the 750 hours?

They have a fiduciary responsibility to you (if an agreement is signed) so if they are not performing the way you would like them to, find someone else.If you have any other questions or just want to chat, please message me anytime!

Rental properties have enough variables within them and the injection of a variable payment in conjunction with a contractual rent amount seems challenging (UNLESS you can annually ensure that rent increases will be performed by yourself OR your PM company).2. 

Equity in your home is dead and non-performing.

I wasn't happy with the returns I was getting for a few years in the 529 and I was looking for something to invest in where effort could lead to more return.Nothing I can do day to day will effect what the market is doing and in turn how my 529 performs.

@Rob Lee, the nice part about moving to a commercial asset is that lenders are more interested in how the deal will perform and your experience as an operator than they necessarily are in your other income, DTI, etc.

I actually see this as the worst of all choices as it limits what additional properties you can purchase and keeps you locked into a non-performing asset.I think there is much more risk keeping your money locked in your current house than if you were to redeploy in a MFR or even just dump it in index funds.

I would love to network with some investors in the Delaware county and Philadelphia areas and learn more about how to successfully perform the BRRRR method in these areas. 

The only way you make this thing roll is by buying a really good deal, fixing it up or making it perform and then refinancing it for a large lump sum.