In this case, you could maybe set it up where you get an "asset management fee" every month and a small % of the deal, like maybe 10-25% and your friends get the rest of the equity and any excess cash flow?

Excessive printing of money - which is happening with the current administration, the previous administration, and will probably continue with the future administration - is a much bigger concern for me, as is the position of the US $ as the world's reserve currency. 

@Will Fraser If you aren’t picky about your skiing and want to be out without excess layers year round, Asheville, NC area is wonderful!

That said, if you do get them and you choose a "fancy" front loader washing machine I would post some rules about leaving the washer door open, physically drying excess water off the door and drum, and any other instructions to prevent mildew because those units are evil and you will get mildew stains when your tenants leave, especially if they're used to normal washers.

Quote from @Jess Keller:  Unfortunately your sign doesn't actually do anything to prevent excessive noise, parking problems, fireworks, property maintenance, trash, pets, unpredictable neighborhoods or anything else related...I am for allowing STRs in mixed used zones and against allowing them in residential zones.

I'm using the GMP (Guaranteed Maximum Price) as part of my fee structure to prevent any excessive change orders and to motivate the contractor to finish the project within the agreed schedule. 

Excess covid money has been spent.  

Good day BP family, Unfortunately, excess moisture needs to be dried out in the kitchen ceiling which is also the bathroom floor (great!).

Now, sure, business will slow, properties might not appreciate and cash flow may not be the manna from heaven you were expecting, but just be smart, save up money and pay down excess debt that's not making you money (like car debt) and worry more about growing your portfolio to be recession proof, than trying to predict whether or not there will be one.Originally posted by @Gadiel Del Orbe:I'm currently renting in Los Angeles and the rents are super high.

Nothing makes investing in real estate easier than excess capitol from a strong income.I'm certainly not saying you can't succeed, but you have picked a path that has a lower percentage chance of success.