-Do you need to be in charge of renovations, selecting tenants, do you need daily updates or do you want to choose an investment and let others deal with the day-to-day?

Take how easy they make it sound and multiple by 100 to get close to an idea of what it takes daily to succeed in real estate.The problem typically is people are always looking for the magic pill to make them wealthy and it doesn't exist.At the top of any field no matter the profession you have to be performing at a very high level for results.

I trade Futures in the mornings for Daily Cash Flow.

As an example, let's say rent was $950/month and on renewal it will be raised to $1050/month.Original security deposit was $950.Original last month rent was $950.Original nominal daily rate was $32/day (used when prorating is necessary).Original early termination and liquidation damages was $1900 (2X monthly rent).Do you bump all these to the new rate and collect from the tenant an additional $200?

@Justin Fox  I go back and forth on this insurance but in your area with wind and hail ... when I use  my commercial proctor policy were I can add and subtract houses daily. ( I am high volume usually 100 houses on the books at anytime and cycling 20 to 30 a month)... we can insure them for what ever we write down.. and so yes insurance is very cheap in most states..

I try to check in on it daily and can easily get caught up reading about a ton of topics.

@Sean Connolly Have you made any connections with real estate agents so you can get set up with the daily matches?

Limiting your daily involvement.  

GDP is negative for 2015 as well, oil and gas are getting hit but oil prices are going to continue to slide with the supply/demand inbalance going on daily in the world. 

The mail I do received (about 2-3 pieces of direct mail daily) always has this disclaimer at the bottom along the lines of "not intended to solicit properties already under contract".