Nevada taxes the casinos instead...My rental income is tax free even in an income tax state, as I show now income due to the expenses and depreciation.

The $10k wasn't the issue (though it's a lot of money), it was the now-or-never nature of how I was required to decide, sign their contract, and pay--no trial run, no sample materials of the course--not to mention they have zero mentors physically here in Michigan and don't plan to.I, too, live in the Detroit Metro area so it would be great if you could connect me with your RE agent friend.- Joe   

That said, it is demanding physically and timewise on my spouse especially and I'd like to have a solid RE portfolio in 5 years to give him more time freedom as our toddlers enter school.My goal is to have 500k in *annual cash flow* in 5 years.

Quote from @Mohammad Arif: Hello folks, new to this forum and to Real estate investment, looking to invest passively, both for long and short term, what would you guys recommend, what are your thoughts on real estate syndicates and who do you recommend, thank youI'm familiar with Gatsby Investments and have only good things to say about the company but everyone is different, so you have to see if it would work for you, your investment style, risk tolerance, etc.I believe, all of their available syndication offerings are limited to /around the area where they are physically located (Los Angeles, CA).

Physical location doesn’t matter much, but having experience flipping houses in Florida is a definitely plus. 

Learn all you can from resources like BP and other forums, then marry that with some old fashioned physical labor.

We have some old LVP that is oak tone and it is really dated, even though physically it is in good shape.

Mind you whatever doesn't means him physically renovating the properties but making deals, dealing with contractors and property managers, CPAs, attorneys, etc.  

Major hotels will upgrade their rooms, bars, restaurants and casinos frequently, sometimes every 3-4 years.

This was the case in this Sponsorship's underwriting too.4) Economic Occupancy: Economic occupancy almost always is less than physical occupancy.