Needless to say we essentially had our pick of the litter for tenant placement.

I see plenty of novice STR's poorly marketed, poorly furnished, poorly managed and poorly priced, struggling regardless of placement and focus.

Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

I hire a broker for tenant placement one time.. 

Image if I had 30, just 3 x those numbers.Directly investing in a turnkey rental or small MFH is a good way to start to learn and build up the war chest to go into my scaleable investments such as private placement syndications. 

He also owns 3 rental properties himself.He shared with me that last year, both he and his partner took home approximately $60K each (after all expenses, before taxes).Their revenue comes largely from the 10% of gross rents that they charge per month, per property, and from the 50% placement fees (they take half of the first month's rent revenue whenever they place a tenant).

lol To be precise, I am staying in Ben Leybovich’s Casita House Hack!

*negotiate with the manager since your going to have multiple "placement fees"*have a months to month premium and have the lease come up in July so you can place someone for the school year.In my markets Sept is the WORST.

Plenty of very unhealthy people have incomes.Wealth is a strategic placement of funds, calculated decisions, and educated spending, saving, and investing that all equal a system in which one considers themselves "set up" to enjoy life without the constant hassle of making ends meet.Theoretically one could flip houses for years, earning well into the upper echelon of tax brackets and still not be wealthy, or be completely wealthy, depending on how they see the daily activities of their lives as either a job, or a hobby that pays well.But to get right down to what I think you're asking Christy, is "what is the best approach to wealth?"

Hello @Morris Lucas It also depends on if the property is a non conforming or conforming duplex and precisely which area it is in.