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.

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

Ask anyone that has started their own business, 18 hour days, missed kids sports and school plays.

I'm now the president and got two other active and support members on the board.

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.

@Tim LovellAre you looking to invest in notes passively through a JV or actively and manage your own note portfolio?

I started listening to podcasts about investments and came across BP podcast and I've been hooked on wanting to learn more about rental property investing.I am still very very green with the real estate lingo and all, but I am taking action and learning every day so when I do buy my first property (I'm thinking of doing house hacking at first) I am prepared.I will be active, and can't wait to learn so much more down the road!