I like the part where you described yourself as a real smart kid. 
I think everyone agrees commercial is where it's at... but I doubt he has the capital so that's moot. The question is how he wants to diversify and how much he wants a side hussle to get there. Your and my retirement goals tend to be more mathematical in getting the most money with doing little. Not everyone is wired that way. Some like the hussle.
My dad and his dad were all residential real estate in the form of land. Dealing with tenants is when everything goes to shit.
...and building equity isn't any different if you're prospecting when you do it. Again, not everyone buys a house to live there for 20 years.
I think everyone agrees commercial is where it's at... but I doubt he has the capital so that's moot. The question is how he wants to diversify and how much he wants a side hussle to get there. Your and my retirement goals tend to be more mathematical in getting the most money with doing little. Not everyone is wired that way. Some like the hussle.
My dad and his dad were all residential real estate in the form of land. Dealing with tenants is when everything goes to shit.
...and building equity isn't any different if you're prospecting when you do it. Again, not everyone buys a house to live there for 20 years.
'76 911S | '14 328xi | '17 GTI | In memoriam: '08 848, '85 944
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth