KEY TAKEAWAYS1. One of the first things to learn: how to look at a sponsor and know if they're going to be successful in carrying out the business plan.2. Look at their track record, full cycle experience, general experience and team.3. Analyze if the investment is suitable for your goals. 4. Make sure the sponsors business plan makes sense. Example: don't invest in a new hotel building during a COVID crisis! 5. It's vital that before you sign on the dotted line you check all the offering documents to make sure there's no hidden "gotcha" terms such as high fees and bad profit splits. 6. Look at the fee structures that the sponsors are charging such as the asset management fee: it's 1%... of what?7. Passive investing is only passive AFTER you've invested the money. Before that you should be working hard to find excellent partners and deals. 8. Quarterly reports: look to see if the sponsor is hiding bad debt on the balance sheet. 9. Diversify your portfolio.  BOOKSRich Dad Poor Dadhttps://amzn.to/3iUPu9Y  The Hands-Off Investor - Brian Burkehttps://amzn.to/3l3pECX   LINKShttps://praxcap.com/https://www.linkedin.com/in/praxiscapital/https://www.facebook.com/syndicationbook/https://www.instagram.com/praxcap/https://twitter.com/praxcap