As for cash reserves, that can vary based on the age of the property, condition, location, etc...but I've always hear $10,000 per property (scales down per unit if you buy multiple) is a decent starting assumption.Flipping is active income (not bad for building wealth in the short term), buy/hold is more passive, and cash flow is great (playing the long game)...military installations often come with a decent amount of buy/hold opportunities due to the housing allowance service members receive.lower end is okay...if the neighborhood is.

Plus I also live very close by...and it gives me something to do ;) As long as I don’t get too stressed by the usual repair calls, tenancy changes, etc. it’s really sort of like a giant game, and my goal is to be as fast and effective with every decision.

There are a lot of tire kickers across the board, so that's part of the game, but they might just not know how the neighborhood works.

Non- recourse are the exact opposite: you are not personally responsible but it requires certain criteria like experience etcetera: These are Fannie Mae and Freddie Mac.All professional real estate investors go with non- recourse.Real estate is a numbers game, the bigger the better.

It's the best way to determine if you are winning or losing in this game.

You May have to share a % of equity with him but he will have real skin in the game then. 

A true TK will have their own PM team.... full skin in the game. 

Soon you will find a network of higher net worth investors who got out of the sfh direct investment game and now laugh at this race to 10.

I also track auction.com and Amlin auctions, but I've never pulled the trigger on any as I need a little more cash to get in the auction game.

Customer service is spotty, at best and dependent on which office/consultant you're working with.