Quote from @Nickalaus Hart: I have had a long term tenant that moved out last year run her photography business out of the rental for about 10 years.

You’ll pick this up fastest by breaking it into two parts: learning the business fundamentals and learning the financing mechanics.

Quote from @William Thompson: One thing I’ve noticed working with a lot of investors is this:People spend a ton of time researching markets, strategies, and financing…but almost no time building the habits that actually keep their portfolio healthy long-term.Here’s the simple truth:Your systems will make or break your growth.Not the market.Not the deal.Not even the interest rate.I’ve seen investors with average deals but great systems outperform people buying in the best markets with none.Things like:Keeping clean booksTracking expenses in real timeReviewing your numbers monthlyHaving a game plan before tax seasonThese aren’t exciting, but they’re the difference between “I think I made money” and “I know exactly what’s working.”Real estate is more forgiving than most businesses… but eventually, disorganization catches up.The investors who last are the ones who treat it like a business early — even when they only own one door.What’s one system or habit that’s helped you stay organized as your portfolio grows? 

They are trying to compare buying an actively managed business to investing in real estate, but those two things operate very differently.

My business will focus on the acquisition of: multi units 15+ doors to buy and hold and potentially development.Can anyone please let me know if  you know a professional who could help me?

He can do as he pleases with the property - Live in it or rent it out.You can loan him the down payment instead of giving it to him for free and maybe charge him a fair interest rate - Somewhere between 5% to 10%.I am also a strong proponent that you shouldn't do business with friends / family just because they are friends / family.I would only do business with your son if he has a track record of investing in real estate and performing well.Best of luck!

I had intentionally transitioned into real estate & business in the Oklahoma City metro at the end of 2019 after stumbling in the industry after one of Robert Kiyosaki’s books & online educational material.

What are some of the best resources out there to learn about the business, property search, etc.?

When I first started in real estate, I thought the hard part would be finding deals.Turns out, that was the easy part.The real challenge was understanding how the business side actually works — taxes, structure, and systems.Here are 3 lessons I wish someone had told me early on:1.

This business moves fast, and managing renovations can be overwhelming if you aren't prepared.Finances: Every lender will verify that you have funds in your account.