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Most people think real estate investing means: • Managing tenants • Taking maintenance calls • Doing everything yourself That’s one path. But in larger deals, there are typically two roles: Operator (General Partner) • Finds the deal • Structures it • Manages execution Investor (Limited Partner) • Provides capital • Shares in returns • Does not handle day-to-day operations Passive doesn’t mean uninformed. It means you own equity without operating. But you still need to understand: • How the deal
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