If you bring an investor in on the deal then you need to make sure all of the accounting is done correctly in order to know exactly what the profit is so that you can split the profits according to the agreement.

I guess it all depends on how much time your day job requires and what the opportunity cost is if you focus your time and energy on REI.For many high-income earners, that opportunity cost is so great that they truly want passive investments and partner up with experienced sponsors rather than becoming operators themselves. 

There is so much to say, so this is simply an actionable takeaway to get you out there and started with your feet on the ground! 

Ask your Housing Office what their allowance is so you know how to guesstimate what your rent will be based on rent comps.Some HAs use an outside vendor to determine their comparable rents.

Thanks Account Closed, great suggestion to cross things out to add categories on Schedule E since space for Other is so limited. =)

Also, I would post here who this despicable management company is so others know not to use them. 

There is so much to learn.

Also, any good contractor is so busy right now just taking care of his best repeat clients, that even if someone would send you a list you will make a lot of phone calls and leave a lot of voice messages without getting a call back.

and don't get me started on remote BRRRR that strategy is so fraught with risk  all great in a book and in Theory in practice very tough VERY

I am actually a bit surprised myself that the base is so thin given its size.Originally posted by @Scott Mac:Will, come on.