At the very least you will want to have some general foundations set because with time you will modify processes and the learnings via experience you gain.

I manage around 400 rentals with 14 years of experience and have never been sued once.

Hello BP's:We're looking to start building our real estate portfolio, right now analyzing different market to find the right one for us.We were wondering if anybody has experience in Sherman, TX market?

Quote from @Cristen Marcotte: Quote from @Jason Sung: @Cristen Marcotte, i wonder how you liked your experience with Your Renter Insurance Group? 

@James SillsFrom my experience working with investors, transitioning from residential to commercial real estate (CRE) is an exciting and achievable goal with the right foundation.

For the past two years, I’ve been diving deep into the world of real estate, and I’ve accumulated over four years of active experience in acquisitions.

Not familiar with those markets, but here is my experience starting at 22 and what I regret after house hacking twice: https://www.biggerpockets.com/forums/922/topics/1133476-hous...

For a truly passive experience you'd probably need to be an investor in private equity deals or be a silent partner on a project.

Regardless of legal nuances, I can tell you from extensive professional experience: Don will WIN an IRS audit for his Subject-to interest, as long as he can show that he made the payments.

I saw someone posted about them also in December, I am curious to know what your experience was with them.