B - Take formal training and get a formal licenseC - Learn from someone else with experience

I’m planning on going to the meet up so I’ll let you know where/when.

You need to train tenants to do what is expected or there will be consequences.Most of my tenants deposit directly into my bank.

I am truly happy with the incredible amount of flexibility I currently have to be with the family and live a life we are comfortable with.I've thought about training someone I can trust to know everything I know so they can give oversight, but most people I know like me also have the goals of being truly passive.Any thoughts on this topic?

Here's a quick tip to train your agent.

Next year I plan on opening my own brokerage and starting my own PM company, since all of ours in town suck, and at that point I will train someone to take over management of all my properties and start taking on other owner's properties.

It's easy to obtain, costs very little, and doesn't require additional, on-going effort to maintain.

However, you're going to have to have a plan:1) Operating agreement - Syndicator needs to stay in the deal and probably do asset mgmt until unwinds2) Accounting - Going in, to get the full 1031 deferral, you're going to need to break down the deal for each investor by their share of debt, equity and price so they can get the deferral  Same thing when you unwind.3) Ongoing accounting - You'll need to figure how to handle capital calls (which you want to avoid since most investors are passive and looking at yield/capital preservation). 

@Cason Acor Thank you for the feedback, unfortunately it isn’t a rail spur but just train tracks that run through the property.

Depends on who Is doing the training.. if its 12k for a big outfit.. and your weekly calls are with a 21 yo kid reading a script on boiler room in Provo.. then no..