That In my opinion is the best thing for $40K of investment. 3) REIT can come in many flavors and I would be very careful about them considering huge commercial big box stores are taking it on the nose right now and many REITs are heavily vested in that type of asset.

I can’t endure even one glimpse of the third.”The man from the country has not expected such difficulties: the law should always be accessible for everyone, he thinks, but as he now looks more closely at the gatekeeper in his fur coat, at his large pointed nose and his long, thin, black Tartar’s beard, he decides that it would be better to wait until he gets permission to go inside.

Rental activity will be reported on the partnership return on Form 8825; this activity will flow through to the K-1s, which will pass through to the individuals and be reported on Schedule E of their individual returns.There is no SE tax on rental income whether or not you have an LLC.

(but again, you are paying through the nose in upfront costs) while more reasonably priced DSCR require 6 months waiting. 

So to play in MFH in same market of opportunity means paying nose-bleed prices against other buyer's with no concept of cap-x, and having to compete against brand-spankin-new builds looking all shinny and with there assorted amenities like Top-Golf arena, pool, dog washing station etc.. 

Better get my nose to the grindstone, because I definitely want to get my first investment under my belt by the end of the year!

The numbers on that property were actually quite good, the building was the sort that I would be very interested in, but the neighborhood was going down instead of up in terms of residents - I guess your nose for that stuff is pretty good too!

Quote from @Alexander Rodriguez: Bring a contractor with you, and make sure they have a good nose for animal odors.

I recently purchased a pair of dewalt spring loaded needle nose pliers and sure it's a couple bucks more but the difference is night and day.Take care of your tools - the worst thing is rust or corrosion on tools.

Don't run 1,000 miles away thinking the magic is "over there" when there are opportunities right under your nose.