Todd, this helps tremendously.

My partner and I are purchasing our first rental property and are considering a 2-bed single family home with tremendous potential (a little outdated, but move in ready).

At first I thought the mortgage had 14 years left which would have had tremendous monthly prinicpal pay down.

Its been a tremendous driving force of keeping me focused on my goals.

I have had tremendous success with this strategy.

These meet ups not only test your knowledge but are fantastic ways to build your network, which is such a tremendous part of REI.

This advice helps tremendously, I would have never thought to structure the llc’s this way.  

He is local in Missouri, so that helps tremendously, but I just wanted to reach out to the community here and see if anyone out there was willing to share some experiences with apartment investing.

That was a tremendous first step for me. 

Based on that, I don't see many good deals these days.I should also say the obvious: the numbers you cite above vary tremendously by neighborhood and by the condition of the specific property relative to that neighborhood.