Quote from @Robin Simon: Good stuff - you are pretty spot on - technically people max out under conventional loans at 10 - but oftentimes its with fewer properties as people run into hurdles before hitting 10, some of which you mention - wanting to diversify strategies, multifamilies, needing LLCs etc.I think you are on the right track for DSCR Loans - I always say that DSCR is really perfect for people in the 5-50 property range - typically conventional is the best fit with your first few, and then when ready to make the "jump" to scaling bigger and faster - DSCR is the best bet.Seconding this notion.

Chris, while I apreciate this view, I disagree with the notion that an agent--with no more information available than I've given--will understand the land value any better in this situation than the amassed wisdom of the pool of investors available here on BP.

Hopefully the end result here is more reasonable for those involved, but even more importantly I hope that other LLs recognize that this is a shot across the bow to start following the law more carefully.Matt, I would agree with that notion, but some of these issues are less than grossly one-sided in this case it was the deadly sin #4 that got him.Here is some detailed information from Atty Tristan Pettit's blog:The 10 Deadly Sins: 10 Provisions That Landlords Cannot Include in Their Wisconsin Residential Rental AgreementsPosted by Tristan R.

Minor tweaks to the assumptions can cause wild variations in the calculated returns.The proforma is NOT God.If one steps backs and considers the notion any of us have a solid accurate idea what the world national local economy or interest rates or the real estate market in general will be like in 5 to 10 to 15 years are a heck of a lot smarter than I. 

I believe most of these "gurus" gain traction selling the inexperienced on the notion that making money in real estate is easy and anyone can do it with little or no money.

The truth is that most agents are terrible, but you are likely not finding the good ones because you have a preconceived notion that they all suck.Some questions for you:If you are a cash buyer, did you show proof of funds to any of the agents? 

You strategy and notions of the "deal" will change with market conditions.

Completely incomprehensible to me that so many of you risk your entire businesses on that notion. 

We understand what you are asking but you are maybe not understanding due to preconceived notions. 

Even the notion that owning 5 to 10 $100k properties would be easy is absolute insanity.