Home ownership does not fit that model.

I think that summer demand with people from Phx. coming up to the high country to get out of the heat would drive an airbnb model better for you than a year round rental.Feel free to PM me if you have more questions.Joel

We are currently working on an 80 unit luxury apartment building in Elmsford, NY and a model apartment in Yaphank, NY.

A Profit and Loss report broken up by Quickbooks class (each property and investment stream is a class)The best thing I ever did was start doing daily accrual-based accounting - for me, having those numbers in front of me and challenging myself to overachieve keeps me focused.I have a vague notion of keeping risk in mind with these things, but I could improve by somehow modeling the amount of risk I'm taking (kinda like alpha in the equity markets).

On a separate note-- I am beginning to build investment tools /models/spreadsheets to start getting my hands dirty in the financial modeling/metrics/analysis of rental properties.  

Note investing is research and capital intensive and requires a good knowledge of consumer protection laws, but once you get a note to re-perform and you are collecting cash flow with no headaches of ownership, IMHO its a very good business model.

Would be interesting to have a discussion on whether this applies to multifamily syndication model and how "small" the deal can be in order to manage the risk while experiencing all the aspects of complexity?

If by the 7th-9th no rent, eviction is filed. 7 days after court if no rent is paid, a WRIT is auto ordered, and a few days later the constable comes out, possession is ours.

I’d definitely get with a broker who’s business model you like and work under them.

I haven't been with eXp long enough to really form a solid opinion but the commission cap, stock options, and other unique benefits make me inclined to think their model is the wave of the future.