When we first started looking I only knew the construction aspect of houses but I am a person that has to know everything about what I am doing and I soon found the BiggerPockets website, and did tons of research.

I should clarify that the property we are living in as far as the co-ownership aspect is based on my parents rolling over a prior investment property that I think was $300-325k.

Just like any other aspect of real estate it takes hard work.  

Originally posted by @Ryan Shimiaie:Hey, hard money is good for quick closings, leveraging your cash, or just closing with little capital. reach out to me if youd like the full explanation, about 10 minutes to explain every aspect of hard money lending. 

Right now, it's 11:30 pm, my hands are covered in Kilz, I'll be up at the crack of dawn tomorrow to go work s'more on my properties...I get unsolicited messages from new users who talk to me about "passive income" and I just laugh when I see them.One aspect of the cheap cash-flow rental game that we haven't talked about in this thread is selling the portfolio of small multifamily and SFR.

Gives some aspects of flipping and traditional buy and hold so you and your cousin could both learn along the way.

2) The important aspect for wealth building is acquiring properties, not getting the perfect house hack of a duplex.

Which aspects of the above do you feel most important at present?

When you start asking questions like this one in any aspect of your investments it is a good idea to try and connect with a professional in that area for some advice.

I have a property manager for some aspects but not all aspects of the business.