@Ajaya A. from the aspect of can it be managed while living out of the country, I believe it can be if you have all the right systems and team members in place.  

I drop off opportunity loss costs and capex/vacancies for my own purposes, though I do have strong reserves for the latter and a reasonable feel for the former (I have virtually zero vacancies, all of my units start completely rehabbed, and I keep an eye on other opportunities should I wish to sell and go into something else).I don't have to micromanage this aspect because I have a good mix of free & clear and lightly leveraged.

My apologies if I wasn't clear on the profit-sharing aspect, @Michaela G. .

It also creates leverage because your generating money from various aspects of the industry. 

I don't know how beneficial that aspect will be for you, and be a college student usually on a tight budget.

Welcome to BP community @Troy Lilly  It is a great place to meet new friends and learn about various aspects of real estate and more. 

Which then, essentially, means $3,000 cash-flow for the year before taxation ($250x12).Again, I’m trying to learn more about the financial planning aspect, and I know this is a fairly simple example.

I'm the type of person who likes to try to look at all aspects if possible before I make a decision.

If something appears after closing that they didn't tell you about, that's when the insurance aspect kicks in.I suggest you order title insurance and ask them for a "preliminary title report" so you can start reading about all the other things people will be allowed to do on your property.

A ton of good info and all presented with a laid back style from 2 guys in the trenches every day putting together deals. 3) Title: REIClub.com PodcastHost: Frank Chen Timeframe: Aug 2006 - TodayRoughly # of Episodes to date: 190Main or Recurring Topics: A lot of different topics but all focusing on different aspects of investing in real estateQuick Overview: Most of the episodes are a conference call type format with a speaker basically taking the floor and presenting their material or product.