I have 0 personal experience in real estate investing. I would make a terrible candidate for this type investment:

-In my personal residence, I am 3 out of 3 for just breaking even after expenses. HOA fees, real estate commissions, property tax, repair, yard maintenance, etc have all been a drag on the small paper gains. This doesn’t factor opportunity cost or cost of capital.
-Real estate has poor liquidity
-Emotionally I couldn’t handle tenants. This involves late night repair calls, tenant damage, and late or no payment. I have no desire to run the eviction process after relatives that have been landlords have shared their stories. This includes one tenant that poured concrete down the toilet. Another wouldn’t leave after 6 months of non-payment. Even though the water was shut off, they just used a bucket for a toilet. That same family was finally evicted and the family’s kid badmouthed the landlord’s family to all the kids in the shared high school. Property management helps, but erodes returns. Your state’s eviction process may vary, mine favors the tenants.
-2008 Great Recession is still fresh in my mind. Have too many friends that bought their rental property in Destin, Pensacola, Gulf Shores, etc that overpaid for a dream condo that had over-extended neighbors not pay their HOA and leave the solvent few with giant assessments. The non-payers walk away, the payers burden the 6-figure roof repair.
-I also recall 2008 investors defaulting on strip mall after strip mall due to lack of tenants or non-payment by tenants. Had acquaintances that had it all and lost it all.

YMMV- In the nicest, most non-judgmental font, real estate is not for me. Love hearing about how it works for others! I have been satisfied with my brokerage account and extra time devoted to the occasional green slip. For those that make it
work, I hope I can get a ride in your Ferrari!