We are a "mom and pop" operation in that my wife and I do all aspects of our real estate from finding properties, ALL the renovation and repairs, finding tenants and managing the properties.

The reporter is obviously taking the worst aspects of BP and posting the screenshots for clicks.

And it could be happening in your market too.TOO LONG, DIDN'T READIn summary, my advice to you is to consider ALL aspects of a potential investment, regardless of how complicated that puzzle might be to put together.

Want to structure all aspects of the agreement between my wife and I (party #1) and my dad (party #2) at 51% us and 49% him.

The other party doesn’t have the ability to negotiate directly with the decision maker which is a very important aspect of protection for you in a negotiation.

Good god I hated that aspect of the business.

@Ben KirchnerI'm in the middle of this transition - I have actually modeled my investment strategy exactly like the game of Monopoly - I spent the first several years acquiring property - I would buy everything I could ... that started out with lower end, cheaper properties - then I moved up in class and sold some of my lower end stuff .... currently I'm selling several to move capital to apartment syndications - I plan to "observe" the apartment business and learn the ropes (a different world from single family) while investing in syndications - then buy one of my own... but I may just keep my money flowing into syndications in the future... the passive aspect seems pretty attractive.Good luck and Happy Investing,

Get to know every aspect of buying, rehabbing and renting out.

Except I do enjoy the marketing aspect, just not a big type-A outbound phone sales guy.  

I guess the real money comes from the so called living for free aspect where im no longer paying $800 in rent for my current apartment and move out to another property with another VA loan after I refinance next year. from other house hacker experience would you other hackers say its common for a bare minimum cash flow until you move to the next property.