Lisa, are you satisfied with the other aspects apart from "communication style", like tenant screening, rents & statements received timely, response to repairs, etc.?

The financial aspect of renting rooms is astronomical to your wealth and I would not let these small scares shy you away.

As to "Sector" you could follow some principles, such as angel stock or defense, staying with church properties or SFDs, but profits are limited due to the lack of volatility in pricing.But, that is not to say you should not be fully versed in all aspects of RE investing, since different types of deals or opportunities are presented regardless of economic conditions.

Originally posted by Jon Holdman:Dave Ramsey's "Total Money Makeover" is an excellent book for getting your financial house in order.I was going to recommend this as well.That said, one aspect of Dave Ramsey's financial teachings that I don't agree with is that he believes having no credit (including no credit score) is a good thing.

Quoting from the landlordwiki:"the city will ultimately lose a case on the fair housing aspect of this as the federal courts have repeatedly said family status based occupancy ordinances are illegal.

I dropped out of college because I couldn't afford it and was bored and 15 years later was a millionaire.However, I wish I had stayed in college for the social aspect of it.

As Jenkins Ramon was getting at, have a look through the various forums on Biggerpockets to work out which aspects of REI you have an interest in.It seems the majority of members here have an interest in wholesaling, this is the lower monetary cost, higher sweat cost side of REI, hunting down a deal and passing it for a small fee to someone who can buy it.You have people who go to the courthouse steps and bid on tax defaulted properties, and foreclosed properties.

Never really thought about the distribution aspect as I am focused simply on my goal; it leaves me food for thought.

Sure, I will get a lawyer as well and ponder the RA aspect.

Cover all aspects of the rental agreement and encourage them to ask questions.