Chalking it up to tuition.SO now that we're a little smarter, we're trying to figure out a better strategy for entry (round 2).

However, red tape seems like a round about way to get there.

Do you "live the dream" and travel/vacation year round, do you focus on building your empire to ever greater heights, or do you pursue some other passion?

Sending out 1 round of mailers, in my opinion, is likely going to be a waste of money because you yield the best results when sending multiple touches to a prospect.

That gives you about 100k (rounding down for closing costs and easy math) to leverage up into another property.

I'm planning on doing my first round this weekend. 

Anything past a seed round on a venture company is likely out with this constraint and many areas of the country have many of their real estate projects excluded too.  

Been doing lots of research and just looking to get more info from a lot of well rounded investors.

Just a thought if your 45 day window is tick tick ticking - To give yourself some breathing room from your recent move from Gainesville you could always pick up one more round of value add single families.  

@ $15Taxes: $197Insurance (I have no idea how to get crude quotes) so, $75CapEx @ 10% = 334Total Monthly Expenses = $1,334.22 (of which I'd be currently paying myself the $334).Available for Debt Service: $2,006Estimated Debt Service: $700 p/m (rounding up a little bit - I know, still quite crude).Cash flow: $1,306 @ $217 per unit.In short, it looks to me like a difficult but good deal.