A casino doesn't gamble, the individual player is gambling but the House isn't gambling. 

I recommend setting up keyword alerts for each area as they are discussed in the forums daily with advertisements posted in the BiggerPockets marketplace hourly.One thing to note when looking at the individual markets, you can make or lose money in any market.

I have purchased my first Senior Community (40 doors, individual apartments) in California.

Managing these contractors you would think would be done by the GC, but the GCs don't care about how long they are taking while every month that passes you take on more holding costs and often GCs are trying to use the same contractor at several other projects at the same time, and blaming the individual contracts for taking so long when in fact the GC is pulling them in five directions at the same time telling them not to work on your project because another one is more important to them.I did not invest more than a couple of hours a week at first, but halfway through I left my W2 job and started to manage the whole project myself and was on-site at least 10-25 hours a week, this allowed me to learn much more along the way.

When househacking and renting out individual rooms, how does one go about collecting rent?

Here are the amenities they are currently thinking of providing to travelers:Shared refrigerator spaceShared dishes / dinnerwareComplementary Keurig coffeeComplementary breakfast cereal (possibly eggs)Shower towels w/complementary soap + shampooHigh speed internetA table with the capacity for 5 to 8 chairs so business traveler guests can do some work in the house if they need to (there's not enough room in the bedrooms for individual desks unless)Is there anything you would omit or add to the above list?

I create Blue Estate LLC ( manager managed by me ) and Blue Estate Equity Fund I LLC which holds title to the 10 unit apartment building ( manager managed by Blue Estate LLC )Syndication fees are 1% asset management fee of total capital raised paid each your to Blue Estate LLC, 1% of purchase price paid to Blue Estate LLC and 1% of sale price paid to Blue Estate LLC. 70/30 profit split with 30% to me as an individual and 70% to investors. 6% preferred return.The purchase price is $1m I put that $250k raised from investors.

The presence of an individual residing on the premises who is not a signatory on this lease agreement, or who has not been approved in writing by the Lessor, will be sufficient grounds for termination of this agreement.

Helton thanks for the advice, I'm mainly looking for LLC formation and then transfer of title from individual to LLC, tenant contract legal review.

Yes, this does present the challenge of both individuals needing to be able to qualify for a loan on their own, but it’s a great way to do it.