I have a carpentry background which helped me evolve into the investor aspect of real estate.

I separated the different stages/aspects of the deal below to be a "kind of" organized :) It's a 3bd/1ba, 1140 sq. ft Ranch style home.

If I had to spend all my precious spare time dealing with (and losing sleep over) the most miserable aspects of property ownership, it would be a significant obstacle to growing my business.

The legal aspect of it was my main concern.

The size of the project, #lots or Sq Ft, while certainly an aspect isn't a concern so much.

It's the privilege I take after the years of study and operating in the industry in various aspects.

An investor who derives all or most of their income from activities is viewed by the amount of income in relation to their net worth and such activities being customary for someone at that level.RE investors who don't address the "being in the business of" aspect really opens themselves up to other issues, business license infractions, insurance issues, local and state tax matters and perhaps IRS issues as well as professional license issues.Regulators with the dept of finance here in Mo. take the position of "if it quacks like a duck and walks like a duck, it's a duck".

Another aspect is REI being considered more recession proof than paper assets.

And as someone who played a lot of poker in college I can really relate to the long term grind aspect (although you may play your cards right you'll win some and lose some along the way.

They can be good investments if you understand and manage the lack of liquidity aspect of NPN's.