I dug deeper and the language is clear as a bell, and has opinions from Lawyers at both Wisconsin Realtors Association, and National Association of Realtors.

Smith -  It may come down to the occupancy level (owners vs renters) in your particular complex, and the state of the HOA (do they have healthy reserves).  

What are absorption levels for inventory in the immediate area? 

Jaysen, I have no intention of doing the work myself, haven't built up my builder skills to that level yet.

at that level its a hobby business like @Joe Splitrock says.. decent CPA that does a lot of real estate work.PM is the most absolute critical aspect of out of area rental investing hands downand when you have time you may want to find a local handyman in the markets your in and have them on speed dial.. and negotiate in your lease that you can do your own handyman work. this will save you a bunch. some PM's may allow it others may not. 

Overall layout and function of bathroomFlooring:  Condition, function, appropriate for room (e.g. waterproof easily cleanable in kitchen/bath), level, or not, soft or 'mushy' feeling, which may indicate a mold, foundation, or underfloor failing condition. 

Since then I have stabilized my income, and stress levels, and finally ready to jump in. 

I have several other multi-families that I own and maintain to a high level.

Just stumbled onto the podcast and forum and thought I'd throw out my first post as I'm beginning to read How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting Started, as well as working through general knowledge and terminology in the industry.I'm a 29-year old strength and conditioning coach working in China with the NBA for the past two years, focusing on youth and pro level basketball development.

Finally, with the use of Trusts while establishing these structures you can add a level of anonymity by removing your name from public record.The second point I want to bring forward is that if you benefit from something, then by law there is always some sort of liability that can be traced back to you.