I recreated the numbers using 20% down on a 30-year schedule and got the following:When running the same using a 20 year amort schedule, I actually get numbers a little higher than yours (9.5% ROI), but a little variation is to be expected as we are talking about a very long period of time and there are always subtle nuances in calculating performance (some syndicators are experts at this).

A good tile installer and make it look great and you can add subtle accents. 

However, there could be subtle differences how they consider the application, such factors as DTI issues.At the bottom of the market in 1993, I submitted 2 loans I obtained in the mid 80's. totaling $300K, at interest rates exceeding 13%.

@Joe Splitrock I never thought of FIRE that way, but it does have that flavor when you look at it that way.

And as I visit the area, stay there, drive around for a few weeks to get a flavor, I'd like to meet and develop a relationship with an agent well-versed in these type of deals, AND a property manager that is happy to handle a small-fry with just 3-5 units.

You don't have to list all criteria but just a flavor for your criteria I require like proof of income ect. 

At best you might be able to deduct or add to basis 1/10 of the travel expenses.TL;dr - the deductibility of travel expenses is extremely subtle and nuanced. 

There is a Kevin O'Leary On Wealth Event in my hometown, looks like many across the nation, very much has the flavor of a guru course, but I can't imagine he is pitching wealth through real estate. 

So I suggest you discuss it with your security attorney, as it sounds like some of them are using their own flavors of it.

I received a crash course on the new Fannie and Freddie Lending Standard (subtle hint at future blog).