Brian Davisif you wan to invest in rentals, great. but know that (1) they aren't passive, and (2) you won't cash flow for several years. https://www.biggerpockets.com/forums/12/topics/1171104-the-m...

there's more risk to the lender !

When it comes to choosing a college degree that aligns well with the real estate industry, there are several options to consider: Business Administration/Management, Finance/Economics, Real Estate/Property Management, Urban Planning/Development, Marketing, etc.Ultimately, the best degree for you depends on your specific interests, career goals, and strengths.

I have no experience with squatters, but it seems to me that your risk varies a lot by location.

I do agree with you that investors must absolutely consult with their legal and tax advisors before entering into any of these tax-deferral strategies to ensure they understand the potential risks involved, including the risk of being disallowed by the California FTB.  

I paid him several thousands of $ - well above the $600 tax threshold.

This is from FS.The exemptions to licensing mentioned  are several and they do apply to an attorney at law but only if said attorney is conducting real estate services within the scope of her/his client attorney relationship.( 475.011 I had to look this one up!)

Take Risk, you only live once

if you want Zero risk then park in your brokerage account and buy USFR, a wisdom tree ETF, pays 5.39% interest, holds 8 week UT treasury floating rate notes only, so you don't need to worry about FDIC or SPIC insurance as only way US govt doesn't pay is if we get nuked, then you won't much care about Yieldif you ok with mild risk, I put my emergency funds cash into a group of different BDCs i like, these are business development companies (mini-banks) that make loans to small to medium size companies.

I don't see any additional risks with having a higher volume of tenants as long as you're doing everything right (leases, background checks, etc).