I don’t plan to hold it longer than 2 years so that we can escape capital gains.

As long as your INTENT is for it to be a rental I would think this should be considered passive.

We were going to both invest $50k and split 50/50 on the profits on that triplex, which would have brought us both about $300-$400 / mo profit after costs.I want to trust him, but I also want to safeguard against anything going wrong.My goals are to simply buy property, both Multi-Family Units and SFR's, and create a passive income stream to help me with my goals of going back to school and creating something bigger with my life.Any advice is greatly appreciated!

What advantages do you gain from having the license, but none of the experience as an agent to utilize it effectively?

I want the regular passive incomeMulti-unit.

Doing it as a owner-builder gave plenty of practical experience in managing a non-trivial construction process.Last year, we acquired one more condo in the neighborhood and have been gaining experience with land-lording as well.My background is in Computer Science and have been working full time as Software Engineer for about 20 years.I am interested in networking with fellow investors/tradesmen, especially who are active in our area (Culver City/West Los Angeles).Thanks and wish you all a very happy new year.Coty

You gain experience and helps you determine if you want to be a landlord.

Yet it won't mean you'll gain more success.

My long-term goal is to make enough passive income to live on comfortably without other full-time work.Looking forward to learning!

My biggest gain in this whole thing is do the numbers and look at 100's of properties a week to get a feel for the markets and property's in the areas your interested in.