I follow some real estate investors and want to put some of the strategies I learned into play.A little bit about me: I came to the U.S. in 2019 to study electrical engineering and always tried to learn how to better manage my personal finances.

Material participation might involve managing properties, handling leases, or overseeing maintenance—activities that are more hands-on than those of a typical passive investor.I recommend doing some tax planning and see what options you have .

I don't manage any apartments any more so just 1 & 2 for me.

Admittedly, finding direct comparables has been challenging due to the unique nature of our family's home, but these figures give us a good starting point.I've taken the proactive step of having a property manager conduct an inspection, and preliminary feedback suggests that the renovations required might be relatively minor, pending the final review from the contractor.

My wife and I both work full time and as of last month I’m managing my own properties.

The company we use for credit/background checks will not allow our company to share that information with anyone else, not even the property owner (when we are acting as the property manager).

Live where you want to live and invest where the numbers make sense...You should look into markets with a higher rent-to-price ratio, you will probably be beating that 10% even with management

The business is the hospitality side and how well the vacation rental is decorated and managed.

I like that structure if your LP's are good with it and the project supports those numbers.More common syndication structure is 2% acquisition fee, 2% asset management fee, 7-8% preferred return, 70 (LP) / 30 (GP) split.

Hello Patrick, there are a few things that need to be considered to turn this into active income such as length of average stay, hours you spend managing property and services you provide.