Seattle is a white hot market so if you don't have money, you can't participate, let alone compete. 

Also, be sure to participate in conversations, post responses, etc.

By participating in your 401k and still wanting to save more, you're already in the top 1% of financial intelligence among Americans. 

Similarly, if one member unexpectedly passes away, while they can will their interests as they see fit, a restriction can be put in place to restrict an inheriting member's ability to participate in voting, which helps prevent an unknown quantity from entering the mix and causing issues.- Authority of Members.

I can definitely see now that this deal just wouldn't have enough meat on the bones, I'm very grateful for everyone's participation in this thread!

That way, the churches don't own the properties but get to participate in the mission of the business, and everyone gets to make a living and have a place to live.

@Ednilson Silva I don't participate in NY but I would find a real estate investment club or a doctor who wants to invest some money.

Even if you hire a management company you are still classified as actively managing it.From the IRS Pubs:  --------------------------------------------------------------Active participation.

Thats not something to be admired as a positive character trait of being generous.Ultimately, if you aren't collecting all the rent owed to you, you won't be able to do the repairs and rehab your homes to the level that will make your tenants proud to live in your homes.

I have had nothing to do with your success as a passive investor, but it makes us very proud to know that you bought a property from us to get started and have moved on to bigger things.