If you're the type that doesen't want to deal with tenants and the day-to-day operations of managing real estate properties, you may just want to hire a good property manager.

In my market our contract says just because it is at the "end of it's useful life" but still is operable that is not something that can be renegotiated. 

I am looking to dive in the world of real estate investing with the hopes of generating some passive income and one day becoming financially independent.

All three are explained in detail here to help investors make well-informed decisions about private real estate.Benefit #1: Private Real Estate Generates High Absolute ReturnsPrivate real estate offers investors the ability to generate high absolute returns.

I would like to start speaking with a few of them and seeing how they operate. 

Depending on your needs and interests, Dan Sisto, with HS Properties, has a great operation as well with wholesaling, flipping and some buy and hold as well.Steve Barrett, agent with Hunt Real Estate, is also an active investor so can help you find properties from an investor's perspective.All of these guys are on BP so it should be easy for you to connect with them.Hope this helps!

I understand that we have our own risk tolerances, but it seems impossible for us to invest in rental properties that generate supplemental income because of a low-risk tolerance.Perhaps it's a big picture discussion and there will need to be compromises from both sides but I wanted to see if anyone else has had to educate/convince their spouse of the benefits of rental properties.Thanks for your insight.

You are operating a business and as such should only care about getting the best applicant.To protect your self you should only be signing M2M lease, never use a term lease when dealing with strangers.

The big value-add for SEO firms is not industry knowledge but an understanding of how to build SEO models and do analysis with data that is collected as you go.AdWords is another strategy that tends to generate quicker turnaround (but at a higher cost per click).

Pros:Strong cash flowMajor affordable housing shortage in the countryBarrier to entry - zoning prohibits new parksPride of ownership - the residents own the homeLower operating costs - the residents own the homeLower touch - the residents own the homeSticky residents - costly to move a homeEasy to raise rents - costly to move a homeRecession resistant asset class - affordable rentLarge private equity funds are entering the space - drive prices upMom & pop ownership - opportunities to improve NOI and valueLower entry cost per door - less capital neededCons:Not sexy - smaller resale pool (but that's changing)Stigma - some counties try to stop operations (poorly operated parks, criminal activity)Stigma - some people don't want to live in oneLower credit quality residentLess appreciation potential, unless forcedNiche investment - helps to have scale to properly operateMany banks don't understand it - tougher to financeOlder assets in many cases