Alternatively, partnering with a reliable GC can help you scale without adding extra responsibilities.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Also its my understanding that if he bought the note for lets say 10k  and it had an unpaid balance of say 25k  all arrears and cost including on the opening bid and if it had sold 3P at the sale for say  40k  Bob would get his 25k .. which would give him a 15k profit on the deal and the extra 15k would go to next in line if their were leins or the trustor/owner who lost it. 

Otherwise, you won't have the extra funds necessary to cover the rising costs of goods and services in the future.What causes rents (and prices) to increase?

With the election over and the New year approaching ,its a waiting game for that extra 1/2 or full point to come down.

., new renovation, outdoor space, free parking, in unit laundry, extra storage, utilities included in rent.   

That would the extra 5k would technically come out of my own pocket, right? 

Renting it out would let you keep the asset, earn some extra cash, and possibly benefit from tax deductions like depreciation.

I'd only play with extra money and pull back gains as it's super volatile.And it's not investing to me.

It's really great for learning the fundamentals even if you aren't investing out-of-state, and of course extra relevant if you are.