Find a partner willing to build something on the land at their risk and expense and share in the profits. 3.

You want to buy a rental at some point and you're building up your cash.3.

If you can build AI to compile all information about a homeowner to score and rank homeowners based on their likelihood to be motivated I would pay good money for that.

I've developed some great relationships and also a business partner from these meetings.

The math works out online and tenants already live in these buildings so I know they are liveable; that said, I have not visited the homes or made contact with the sellers. 

For my passive capital I chose to lean away from crowdfunding platforms in favor of building relationships with great operators and investing directly with them.

Ultimately the goal is to build a great, creative relationship with the right lender whose in my corner and I can trust.

Tenants will not burn the house down on purpose if you are a good landlord, and hopefully even if you are not, but tenant-landlord relationships are important and landlord is not passive.

Here’s what you should know on Schedule E:Depreciation (Line 18) – can be added BACKCasualty Loss/Amortization/One-Time Expenses/HOA Dues (line 19) – can be added BACKInsurance (line 9) – Added BackMortgage Interest (Line 12) – Added BackTaxes (Line 16) – Added BackAnd this is why owning property is such a great method of building wealth.

The area was up and coming and I have a background in building multifamily.