If you hire someone to manage the business, then its manager managed.

When I talk to new investors, the first question I always ask is "Are you just looking for the investment benefits of real estate (cash flow, appreciation, tax benefits) or are you looking to build a side hustle business around real estate investing?"

They are all cash-flowing and they are all performing well. 

- He had to have owned the business for at least two years. 

Factors contributing to this growth include the Super Bowl, expanding convention business, and the ongoing recovery of international travel.🌞 In April, Las Vegas boasts mostly mild and sunny weather, making it an ideal time to visit for those seeking to avoid the scorching temperatures of summer.

You're in the hospitality business.

Red flags are not being able to meet at the property in person (usually they say they’re on a business trip or currently living overseas and they’re usually “really busy”, no time to chat small talk about the property or FaceTime with you or anything like that, etc.), not allowing access to the property (these are often vacant land deals or sometimes vacant houses), wanting to close remotely/ use a mobile notary or their own title company that is also out of state, wanting only cash offers with few contingencies, no “for sale” sign at the property, willing to sell the property for less than fair market value for a quick sale (often there’s a story that they need money quickly for their husbands surgery or some other emergency), they often have a foreign accent, and only want to communicate over the phone or electronically (for some reason they always use an outlook email and many prefer to communicate through WhatsApp). 

I'm surprised by that value and would have thought the actual value is closer to the assessed value of around 1.5x the value of my lot -- the neighboring lot is identical but has a building and businesses on it, and is appraised at just $100k more than what their appraisal shows for the unimproved lot. 

Quote from @Chris Seveney: @Jay HinrichsYup and people will buy them at tax sale then sell them seller financed for $5k after paying $100 to some sucker who wants to own vacant unbuildable land in middle of no where for $100/month that model is a huge business bigger than most anyone can fathom frankly.

@Russell Brazil I own the properties under an LLC, but there is a commercial EO fee for commercial, income properties, or business opportunities for $350.