Spending more than 500 hours in the businessor 2.

You have managed your property for a longtime and spend time doing things because you have time.

Before you spend your money here, check out The Ultimate Guide to Grading Cleveland Neighborhoods for a lay of the land.

Some REITs that invest in them do really well.Certainly, invest in what you know, or are willing to spend the time, effort, and money to learn well. 

They probably got the Golden Visa where you only have to spend 500k on real estate to qualify and you get citizenship in addition you only have to spend 2 weeks a year in country. 

Meaning if there are partners involved, are you compensating your self for the time you are spending on management?

Spend $50 and read the to; three books about real estate syndication.

Without a financial education - it's hard for him to discern which.What he should NOT do is to buy toys or spend it on fun because it'll quickly be gone.If he was financially savvy or versed in real estate - he could even buy a small apartment complex and self manage it if he had some property management skills.Advice should be catered to him specifically though, blanket advice isn't that helpful.

So if you spend $1,000 and amortize it over 6 years it’s 50 cents per day.

.- We have busy but well paying jobs and don't like to spend time in building sweat equity (BRRR, flip), so will take a slightly low maintenance approach and buy relatively newer properties in B class neighborhoods and use property management for day-to-day operations.Goal:- To get to $10K/month net profits with real-estate (today's currency) in 15 years when we plan to retire.