They are the only company I am aware of that meets our needs of having one account that can handle multiple LLC checking accounts, ability to auto add late fees, allow you to block payment if you are evicting, allow for every other week rental payments, and many other features.  

I am now set up to receive auto MLS emails when new properties come on the market that fit my criteria.

But, there are personal umbrellas out there that would go over your home, auto and 7 units for $350-$400 per year.

Readiness is really Deaconess Hospital that my phone auto corrected! 

If the locking mechanism is broken, fix it or add an after market locking mechanism.

I have buyers who don't know what or where they are looking so I don't narrow my auto-search down for them other than the basics (2-4 units for example).

It sounds like you're getting financing, understand that the lender won't like the auto yard, Phase I may turn up some nasty costs.That said, yes if you can organize these disparate uses into one or two higher uses, you can definitely make money.

Your Cap-ex number is just a shot in the dark without knowing the age of the roof, mechanicals, etc, but $200/month is probably fine.4) Investments usually require 25% down.5) Closing costs are waaay too low.

It's not that simple math is wrong, it's just that you can open your mind up to much more possibilities, like investing in appreciating markets, once you become knowledgeable about 2 things, 1) Sophisticated Math and 2) Economics so you can read the future of the market.Personally, I don't know how any Investor doesn't want to learn enough about Economics to get a gauge on how the next 10 years in their specific Area of investing may turn out.Will it be like Detroit, which went bankrupt but you could easily have seen that if you paid attention to the 3 Big Auto Makers?

In each case the mechanism is the holding of real estate as a tenant in common.