At the time I thought I might be potentially making the financial mistake of my life and I did not know anyone local to validate what I was doing.While the cash flow was nice and I had proof of concept I found that a duplex required more management attention than I could handle with an international job and gone most of the time.

I've invested in/renovated a number of single family properties in the suburbs of Philadelphia (Mainline), with values ranging from $400k-$1.3m and decided to tackle a significantly larger project 6 months ago; comps were incredible with high sale prices and very low days-on-market, it looked like a home run.The loan is under an LLC but with a personal guarantee; the renovations are complete and the house is beautiful, but the market has been unbelievably slow compared to the previous 3 years, on which our financials were based. 

I don't have a stance one way or another....either one can be financially beneficial if you make it work.

This may be a pipe dream financially and if it is would certainly entertain a main building with cottages.

A new property (3BR, 3.5BA, 4 floor) we are analyzing passes all the check marks for investing viability, except for financial from the way I look at it.

At some point (it may be too early), you will need to start thinking about business succession planning, and when that comes to play, understanding what your options are will be instrumental in helping you make a good decision for your financial future.

A party who enters into a rental agreement on behalf of the landlord and fails to comply with this section is an agent of the landlord for purposes of: (a) Service of process and receiving notices and demands; and (b) Performing the obligations of the landlord under law and under the rental agreement. 4.  

I'm in my mid-20s and have become interested in real estate investing through my main passion of financial independence.

Since then he has mostly bought apartment complexes and has never lost any money and talks down about owning less than 32 units which usually allows you the chance of hiring an experienced Property Management Company to handle the daily operation that includes the screening and maintenance and you just manage the managers and get regular (once a week) financial statements and you still have positive cash flow.

I do have a lot of "roundabout" knowledge of real estate because I've listened and read many hundreds of hours' worth of financial independence podcasts and books.