Remember monopoly, buy 4 green houses, trade them in for a red hotel?

If that doesn't scare you, here's a little run down:Most "rental parks" trade for 10+ CAP rates, and the quick math on any apartment or rental park (assuming no major improvements need to be made) is a 50% expense load relative to gross income.

I’m not saying don’t do it-I have a triplex that is over an easement-its been so long (1896 construction date) that the title company gave me insurance title insurance with a rider specifically related to the easement.Like other posters have said, make sure you understand all consequences, and make the decision with all of the information.Good luck!

In my opinion it leads to a jack of all trades master of none type scenario but, that is just me.For training you are best going to a large brokerage and joining a team.  

I also think that it will give you valuable experience in the event that you want to continue to expand and trade up to larger properties.  

who the profits go to will dramatically impact the tax consequences depending on the person's situation and you should examine that before making a determination. 

The profit, at least for me, is almost always larger than it would be for much harder work so it seems like a fair trade.

Also wood flooring companys are #1 for burning houses down out of all the trades so most pros will have to be insured where as most cl guys will not have that

George Bailey’s handshake, promise and maybe a few words on a document to be signed by the borrower which meant simply, “I’ll pay you back,” has become a financial instrument, to be traded and hypothecated by faceless financial bureaucrats, each one taking a sliver of profit off the top.Everyone remembers the crash of 2008 and plenty explanations have been posited.

The LLC creation obviously has tax consequences and any competent CPA can advise you on the best approach for your particular situation.