And especially if you take care of business.. if your slum lord and don't fix problems or potential issues with a property you may have some exposure.

As well if its an amortized loan I am also reducing my exposure over time. 

I've had some exposure to real estate investing in the past and am looking to get back into it.I was an Army officer for six years after college, and bought two properties in 2012 and 2013. 

And with REITs, you can have real estate exposure with a few clicks of a mouse. 

The real estate podcasts are very helpful for about a year to provide general exposure but you will find that they have made the decision, for some reason, to not go deep enough. 

My take was I wanted to have exposure to high risk investments and be able to use any gains for RE. 

The idea is to get the maximum exposure and you will not do that without an agent.

But you have much more risk exposure if one is vacant and you loose 33% of your income for a month or two. 

Flipping is a business, and when a tax-exempt entity engages in a business on a regular or repeated basis, then it has exposure to tax on UBTI that can be as high as 37% federal.

An LLC can be important as you get more exposure (liability wise that is).