The successful ones have done their due diligence on the market, have networked with other active local investors to gather a variety of opinions and built successful 'boots on the ground' teams for themselves. 

Great Western Title is involved in AZREIA.org and very active in the "easy" valley.

In terms of being active versus passive, it is really up to you to decide how much time you can devote to real estate investing. 

A good thing about this is you will also get 20% pass-through deduction on the rental activity if grouped correctly with the S-corp. 5) You can also net the rental loss with the Busines income to decrease your net income. 

Just completed a cash out refinance, I'm actively looking for more.

@James Wise I really appreciate the feedback boss.

The activity of the asset will not impact the inheritance.I think your concern here should be a depletion of the asset.

I argued with him that he pays the PM company, he's their boss, they shouldn't have a say in it.

Look at sales prices of active listings in various neighborhoods.

If the tenants are actively violating any terms of their current leases or agreements, that's a valid approach to managing the tenant and potentially replacing the tenant.