How do you set up these sorts of deals?

I wouldn't be surprised if a veteran in the game is impressed with you being so interested at your age takes you under their wing as a mentee, or even some sort of unpaid intern type gig.As for investing your current $$, I'd say open a high yield savings account (Ally, Citi, or Marcus by Goldman Sachs) and start stuffing money away from your part time job or side hustle, and save towards a down payment on your first investment property. 

One of those 5 moved to one of our larger houses that came available, and all the rest bought a house.Vacancy hasn't really been very high - 6 weeks in 4.5 years - but the annoyance factor is huge.Other than that, I think what has cost us the most is taking too much time getting the house ready to rent when we first purchase it.

I'd like to have a bigger downpayment if possible vs credit for larger monthly payment.  

If I had a lot of extra time on my hands and have proven my business savviness, I would take a portion of the $500k (maybe $100k to $150k) to acquire a multifamily with a 25% down loan and manage the property myself - this is sort of how I got started.

It is larger than rent for the duration of their lease term remaining.

Rent larger home, use cash to rent a smaller home/move to retirement community (disadvantage: less community of older folks; advantage is we can continue to own the home but make money off of the rent payments; but now we have to manage new renters)Basically asking if anyone has experience moving to a retirement community, and what the optimal move is with our current real estate assets.Where could we talk to similar people in this situation?

But if I were in your shoes I’d weigh a few different options.  1) you could refinance your existing property and pull out a bunch of cash and use that to pay for additional down payments. 2) 1031 exchange into a larger 5 plus unit. 3).

If I understand you correctly, you are advising a sort of modified brrrr strategy - modified since these houses are owned already but strategically pulling out a conservative amount of debt.The houses are mostly C class but some border on B-.

Mark,If you have passive investors, I'd encourage you to at least have a conversation with a securities attorney.Your alternative is to give others some sort of tasks (big or small) to ensure everyone is active.Originally posted by @Mark Robert:@Alina Trigub in your experience, would you need a securities attorney specifically if you were the General Partner managing you Limited Partners money?