@Bob Bowling I think Loic is referring to cap rate as a simple metric of Rent Revenue minus expenses / purchase cost.

We ignored this because we knew at the current revenue we could do better.

Either  1) you will get no loan whatsoever, or 2) It is some BS combination of "trade accounts" credit.....Office Depot, Home Depot, and other misc useless businesses......Not a cash line of credit.Once you qualify for any kind of business line of credit, there will be No upfront fee, and more importantly it will be because you have established an Actual ongoing business that shows a profit, and consistent revenues over a few years.Time to turn on your BS detector.

I love my day job as a software engineer but want to have multiple revenue streams and rental properties look like a good opportunity for steady cashflow and long term wealth.

Unlike the Reagon/Volcker years, we now have an $18 trillion deficit and our country can no longer afford to pay 20% interest payments on $18 trillion as the $3.6 trillion would exceed our tax revenues. 

You and the investor are both owners of the corporation at a 50/50 profit split on the revenue generated at the sale.

There was one partnership where the partner was amazing at finding deals but horribly organized and terrible with money.4) I invested in a company (not exactly a partnership) that did really well making $80,000/month in revenue in year 2.

Also town building inspectors here are a source of revenue, and if you get caught doing work without permits it will cost you.  

He was telling me about an investor that owned property and grossed over $1MM per year in revenue. 

This way, they could generate revenue through service fees and then they were also hedged against interest rate fluctuations.