It's funny you mention 'shiny object syndrome'.

It's the I want to know everything before I do anything syndrome. 

Wait, you have no proof of earned income yet, how can you have a SOLO-K...chicken vs the egg syndrome?

Otherwise you fall victim to the shiny object syndrome. 

@Alex Craig  unfortunately the cycle in these price point homes is just a rinse repeat cycle.. burnt out landlord syndrome.. local wholesaler investor snags them from out of area buyer tired of losing money.the chances are greater than 99% that htis person will never make a dime first 3 months his cash loss's will equal 3 to 4 years of cash flow so he will never catch up... and now he is stuck.. property as it sits is probably not worth more than 15k or so to a local wholesaler / low end turn key buyer... sad but true.And its why I always preach on BP buy the BEST you can buy not the cheapest.. the cheapest in the midwest markets is only appropriate for locals that own lots of these and do it for a living.. these are simply not appropriate for out of area passive investors they get killed financially .

Don't succumb to shiny object syndrome and go after everything and succeed at nothing.

Plus I had to jump in and spend a few days/nights in the trenches when plumbers and electricians had broke truck syndrome.

I'm getting shiny object syndrome again.....urgh.

I find its kind of a progression.. you need a lot of capital for the note business the benefits of rentals is leverage of course.what i found was many did well as landlords then tired and just started to sell them off as they were retiring and note income worked for them.. and or they blended they had some rentals and had some notes. does not take a landlord that is suffering burnt out landlord syndrome but wants cash flow to understand how notes work.. but of course you have to choose wisely on the notes  for sure.. as it relates to BP  overwhelmingly the guys and gals on this site are going for bigger yields that they hope to make with NPN so they work for those.. and its not just passive income by any means its a business.. 

And were they live rentals are all about appreciation and there are many that are really down on investing for appreciation so the buyers instead of saving up and buying West coast jump into mid west rust belt deed south.. with varying degrees of success.. but burnt out landlord syndrome in these areas is alive and well. that's for sure.