She owed me money for a vehicle I provided the funds for.

That's first place I see Ken's scheme going off the rails, he is doing a lease which makes seller a landlord, and then trying to vacate tenant rights laws via agreement.

No loose deck boards or broken railing mounts.

I've used inter-vivos revocable trusts dozens of times, and they are a great vehicle for what they are designed: estate planning, anonymity, and a "bit" of asset protection.You'll need to shop for a lender that will allow your parents to close in a trust. 

Real estate’s such a powerful vehicle once you find your rhythm.

Quote from @Carlos Ptriawan: also since most of the advice in BP is coming from sell side, the return we got is the normal return hence why I am no longer interested.I am interested to gain abnormal return.my exerience- making 80k-100k per flip from 500k home is possible, only in CA- Out of state could be a good appreciation vehicle too- the wealth builder is created when we invest in expensive state only (CA/HI) with at least two properties- invest locally is thousand time better than investing outside because of the potential it creates- househacking and ADU is finance freedom LOLBut i develop a strong very atypical thesis also:- there' nothing passive about real estate investment- investing in syndication is more active than direct ownership- the risk of the unknown of unknown is the biggest issue in any real estate- at the end of the day, the probability of we as landlord is hitting problem with tenant/city is like 100% so be prepared- the difference between different type of real estate investment is the unknown factor and that's always the least discussed- strategy is always different depending on macro climate, if mney is cheap leveraging equity is the best, if money is expensive then buying debt is good option- don't chase best return but chase the most understood risk and capital preservation as a goal- not all RE investment has equal return/risk , syndication in multifamily for example is outsourcing all risk to investor while gp makes the most money lol- direct investment is always always better than indirect investment, except in certain asset class and extremely good sponsor that could find a noticeable return/risk reward.- donot follow the crowd, when everybody else is buying then it's good time to sell, vice versa LOL- if the math doesn't pencil, GTFO lol I do not agree with everything in this post but agree with a lot of it so I thought I would add my view.

Each has pros and cons, and it’s hard to decide which vehicle to start with without making an expensive mistake.On the flip side, the stock market is simple in comparison I can do research from my couch, invest in a company or ETF I believe in, and never touch it again while it grows.

Those tend to avoid the STR red tape while still producing strong returns in the right neighborhoods.From a buying perspective, it’s worth knowing that prices can be higher than on the mainland, but certain submarkets (like Kakaʻako condos, Kailua, or some spots near the rail line) have different dynamics and opportunities depending on whether your goal is cash flow, appreciation, or lifestyle.If you’d like, I can point you toward areas and building types that work best for investors, as well as connect while you’re here to give you a feel for what’s realistic on the ground.

Any dividend paying vehicle should be at bottom of the list or nearly excluded as you’ll pay ~50% taxes on ordinary income.

I have systems that are over 35 years old, but very well maintained.Everyone; I don't think investment vehicles can be compared directly, to wit flipping in the Bay Area has been good to me because of high quality, permitting, energy efficiency but I don't think that would work in many other markets.