Hi, I just got out of active-duty and am considering moving to Reno to buy/live in either a SFH (renting out part of it) vs. a multi-family (duplex or quadplex).

-Which one is more vital to REI.2.)

I have been a Active duty Soldier for 17 years and I am coming up on retirement quickly.

The Operating Agreement is the primary document that establishes the rights, powers, duties, liabilities, and obligations of the members among themselves and to the LLC.

Ask for current short sales.Driving for Dollars (vital to understand neighborhoods)Local REI meetingsLocal City/Town clerks' office (great for finding places with overdue taxes)

When you've got extensive maintenance costs that go with a structure, cash on hand is vital.

So, I had to put in a transmittal letter reminding her of her duties to make sure the sellers got the offer.

It could really get sticky if the other party thinks you are representing them in the transaction ... fiduciary duty and all that.

If your goal is landlording, than as others mentioned, having a quality team including the PM is of vital importance so you can continue your 9-5 and then manage the PM and other team members after hours, weekends, etc.If you are flipping homes, hard to do on a part time basis without a flexible work schedule but not impossible.

I want my personal property safe from a tenant's guest who sues because they slipped in the driveway that the tenant didn't shovel but feels it is my fault for not reminding them every time it snows that it is their duty.