Just remember; K1's (taxable income allocated to you) and distributions are completely separate topics and almost always move independently of each other. 

Although i worked with a really good realtor so really the only reason for me was to save time and be more independent..

There's no better time than now to start paving my way toward financial independence!

Lastly do you prefer a full service modern condo buildings with parking, pool, security, gym etc or more an independent SFH with a yard.

I have been a home owner for 8 years and I have always paid an additional ~10% of the monthly mortgage every month towards the principal of the loan.Any thoughts to whether or not this plan will help achieve financial independence sooner, or should I put this 10% into building a real estate fund?

You could probably find a lot of good properties that need work in the town center area- in between Rosemont and Independence as you go down Virginia Beach Blvd. 

We can bring in an excellent local PM with great independent BP members recommendation..

In the next year or so, we expect to sell off two SFR's and a duplex in Independence, MO to 1031 exchange into another smaller multifamily. 

Otherwise the bank will send an appraiser anyway, As for inspector, you should get an independent one.

It has truly changed my life and put me on the road to financial independence.