As for trailers (NOT manufactured homes), they can be a little trickier as they considered personal property, not real property in some situations, which can affect the resale value as many banks will not lend on them.

I just finished reading Brandon Turners book, on rental property investing and I am hungry to start searching for a property.

Janice Kemmer at Outside the Box Real Estate, or Robert Rothman at The Rothman Group.I know most the the full-time Property Management Companies, and they are the only two I will trust my properties to.Tips for newbies are a longer topic.

Reading Bigger Pockets forum or listening to real estate podcasts does not count.With this in mind, does your wife spend 15 hours each week on hands-on real estate tasks?

I am working on saving and potentially buying my next property.

This is where real deals are made.

Thus, you'd need to have whatever else you do clearly fall short of the hours spent on real property trades or businesses.

Since minerals are deeded real property, they qualify as “like-kind.”That opens up a different lane for investors  who are tired of managing their properties and for any agents that are up against the 1031 clock, you could roll your investment into producing mineral interests.This could lead to diversification in your portfolio, a hedge in inflation, and a truly passive investment.Has anyone here actually done a 1031 into something other than real estate (like farmland, minerals, etc.)?

Is that mobile home now "real property" or is it still "personal property"?

But it sounds like your partner 'sold' real property and has a tax consequence, and you bought that property.