Managing residential properties is not the same thing as managing a giant apartment complex.  

Sweet, Thanks for the post @Mike Conner 

I can still trade public securities, but I'm primarily buying interests in apartment complexes and doing some private lending w/ these funds.    

@Victor Menasce it sounds like you have some sort of condos or apartment complex.

A duplex is the sweet spot that gets you the best of both worlds.

I suppose I would focus on cap rate if I was buying a property where the purchase and resale price was directly tied to cap rate (e.g. valuation of an apartment complex).

Many apartment complexes in Raleigh have done this.

The only "finders fee" that can be paid here without a license is up to $50 for a tenant in an apartment complex for referring a tenant, however the tenants cannot do any type of advertising or marketing otherwise it's again in violation.

Given the complexity though, I would consult a tax professional.General Requirements:1.

Declining principle" sounds like some guru term and is making things sound more complex than than what I think you're trying to do.In your last post you say: He just has to get caught up in his payments (through a 401(k) perhaps).What's that mean?