But if somebody else is experienced, competent, has a proven tract record, and the risk return ratio is right, I’d probably invest in it as a passive investor.Most deals like this presented to me have not been researched thoroughly enough, don’t have accurate numbers, don’t have specific tactics to accomplish the turnaround, and the promoter doesn’t have a verifiable tract record of success.

After you've done those two things then just figure out your budget and see how you can save or cut in certain areas to help accomplish your goals.

Consider splitting a portion of your portfolio between both strategies.If you try to become an expert in all of the strategies above, you will probably end up accomplishing nothing.

Since it's your first time, I'm curious about (and am going to scrutinize) a few things:0 down payment, how are you accomplishing this?

I recently was listening to the BiggerPockets podcast on the biggest mistakes that @Brandon Turner and Mark Green have made and they mentioned that you really have to start with your WHY.Like they said, it can sound really cheesy, but ultimately, what you want to accomplish with your investing will guide what kind of investing you do.

I cannot really advise you without knowing a lot more about your situation, but you might be able to accomplish your goals by doing a 1031 on A and then waiting until you hit 24 months in B to utilize the exemption.

@Lou Gonzales what are you looking to accomplish?

Even if that step is accomplished buying when inexperienced often leads to losses that many cannot recover from or they give up.

Or that you could clone yourself to get more accomplished?

Once again, the purpose of the LLC is mainly to build business credit, so any input on how to accomplish that with minimal expense would be appreciated.