Real estate investmnets are capital intensive and if you don't have extra money sitting around to make the emergency repair when it happens you'll find yourself in a terrible position. 

And management is a LOT more intense, just turnover rates alone!

that and intensity.  

Long-term rentals in single-family homes might not yield as high a return as short-term options, but they offer stability and lower management intensity.

That being said you can make that kind of money with fewer properties but you would need to do more intense work and higher risk Short Term Rentals, co-living, or Section 8.- My Strategy: I'd like to buy and hold residential rental properties.

Most focus on rate and amount of cash to close but bad loan administration or bad loan administration policies may cause the project to be far more capital intensive if viewed beyond day one of funding.

Make sure you have adequate reserves to cover unexpected emergencies.3) Time-intensive - If you live on-site you're a live in property manager on call 24/74) Legal issues - know the max occupancy laws for your area.

Intensity, commitment and grit for a year that started far from any semblance of direction and accountability. 

This was a little labor intensive but worked to get the relationship off the ground.  

Whether it's reading 10 minutes a day, making one new connection, or analyzing one deal, consistency beats intensity every time.What’s one habit that’s changed your life?