K1 taxpayer looking to buy an investment property now alongside my current place - thinking to buy it joint with my wife and then open an llc to manage it. Has anyone else done this or can help thinking to start small like. $100 k investment to start

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Have you thought about investing in a private real estate fund instead? I own one rental house but then started investing in private funds. So far the funds are way easier and are cash flow positive. Through the funds I can own a portion of an $80M apartment complex rather than all of a $400K home and someone else deals with all the hassles of owning a rental property.

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Where do you source the funds? What is the DD on them?

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