I'm not a big fan of mixing family and business because it can destroy relationships.My favorite recommendation is the one nobody wants to hear: work like a dog, save up, and buy things you can afford to pay for.

All applicants are screened the same based on credit score, criminal history, landlord references, etc.

Yes, they have rent controlled tenants here in NYC, and our family invested in San Francisco as well, got a 3 family with a "protected tenant", and there's nothing we could do.

I'm currently house hacking (renting rooms) my current primary residence which is a single family home and has a mortgage.

@Ikenna OkekeogbuStarting with a single-family home rental investment in an affordable market requires education, have clear goals, plan your money, and have a team of experts.

Hi All,I have a family friend who wants to rent a property in Colorado and I want to help them out. 

In addition to what others have said, Lakewood is a city where the majority of the single family home stock is older.

Plus, my work history is pretty slim—I only worked for a couple of months during college.I'm eager to do more, to explore new avenues of passive income, and to soak up knowledge like a sponge.

Our property taxes on multi-family are capped annually at 3% max increases which help with annual tax lightning. 

Real estate investing has been an interest for over a decade, in which time I've consumer innumerable podcasts, books, and have attended boot camps and master minds.Here's my hold-ups:1) I do not want to put my family in financial risk.