Really depends on active vs passive - many hobby rule of 72 which 12% is 6 years and 9% is around 8 years. if active typically try and accelerate that by 2x 

Once you add multiple LLCs, lenders, escrows, and Section 8 tenants into the mix, the chaos compounds fast.We’ve scaled past 20 rentals by treating our portfolio like a real business, not a hobby with rent checks.Here’s the structure that keeps everything controlled:1.

Are you trying to accumulate assets and wealth to fund your retirement, are you looking for a hobby, or are you wanting to start a new career in the real estate industry?

I'm relatively new to the world of home investing, though I’ve dabbled in buy-and-hold rentals in the past as more of a hobby.

And @Drew Sygit that doesn't necessarily make it a hobby just a decent human who is appreciative of tenants who have paid me thousands of dollars and taken good care of my properties. ;)  Hmmm, seems you didn't read the part, "Thank the tenant for communicating with you, but gently warn them you will have to send whatever eviction notice Colorado law allows.

I was never big into reading until COVID and now I am kicking myself for not picking up this hobby sooner.

If it were my duplex, I’d probably say no on customer pickups and yes on baking, as long as she’s following the cottage-food rules and the business isn’t impacting the property or other tenant.That gives her a way to run her small hobby business without dragging your property into it.

But it’s a business you have to treat like a business, not a hobby.

It's like starting a woodworking hobby by trying to build a grand piano.

Regular inspections and scheduled maintenance (like cleaning gutters, checking smoke detectors, and servicing HVAC) protect your investment.Treating it like a hobby, not a businessTrack income, expenses, and receipts properly.