@Mason FiasconeMason: I agree with the masses - the success of your investment will be predicated on the quality of your property manager and the amount of leverage you put on the property.If multifamily/commercial, run a model to make sure debt service coverage can handle stressed performance, and maintain a reserve.

The PM has limited funds for operations, and if sued, little to lose - you can close it and open another PM LLC.Yes, in a lawsuit, you, the Holding entity and the PM LLC and all might be named, but if properly structured and maintained, a lawyer could easily take you and the Holding LLC out of the lawsuit on the premise that you were not involved.

However, if you stick with it you can have a very positive experience. 

Home Value - $600Heloc LTV - 80% loan amount - $480k1st position morgage - $425kheloc balance - 55kthese terms are negotiable and the appraisal will vary.

I was in a position where I had nothing to show for my efforts in life save a family that I deeply love. 

The positives are that you get two different skill sets that allow you to see opportunities and think more strategically.

It provides a lot of helpful insight, and I absolutely do not want to put myself in that position.

How about the cost to maintain an LLC if you have one, accounting costs, or bank service charges? 

Much of the following depends on your capabilities and cash position, but I've always given people the advice to buy their first home with a 'safe' outlook with regards to appreciation, and schools.I don't know where you are at in life - if you've already made your first purchase, etc - but so far so good on those that have taken my advice.I think later on in life, if someone so desires and/or has the knack, is when it's appropriate to get into what a lot of folks on these forums do - the more aggressive projects where there's more money to be made.This is a round about answer but yes it's possible. 

I don’t think the owners/operators were looking for your kind of response, especially with the positivity they seem to show on a regular basis.