For someone that's not as conservative, or a different view on the cycle, they might have a different opinion than me on all of this.2) Sponsor quality check: (takes about 45 minutes per deal)I believe that a great sponsor can take an average looking deal and make it great, and that in mediocre sponsor can take a fantastic looking deal and make it bad (especially if there is a severe recession).

So I believe mortgages will look at DTI and want to make sure your income covers your current and future debt obligations at a percentage of 40-49% I believe, so their multiple would be more like 2-2.25x, but it's not a real apples to apples comparison. 

@Shaun Hunt believe what you really want to do is start a "Master LLC" that can function as a PMC.You would then sign management agreements between Master/PMC & property LLC's and have all income & expenses run through Master/PMC LLC, and only have to "settle up" annually with the property LLC(s).Check with a qualified tax professional.

Unsure of the square footage of yours, but I believe the one here is $14k annually for rent.

I am a big believer in making passive income and had real estate on the back of my mind, however like everyone else I was not sure how to get started.

I believe in community over competition personally, that's just my philosophy so I treat my workers really well so that they prioritize me and respond if I'm ever in an emergency and I share my referrals with friends and other investors who I am familiar with and they do the same for me.3.

It occurred to me a long time ago as to why no logical argument about REAL ESTATE will win an argument with someone wanting to believe that the purchase of a guru’s program will ensure their success.  

The fact that I believe so much in what I am teaching that I offer a service for it, backed by data has nothing to do with it.Second.This has nothing to do with  "aligning with MY/YOUR/HIS/HER/THEIR business model".

I do believe that I am going to have to do some saving up as a form of cushion before I start this process.

While they are very nice and I believe good people, I have had a few deals fall through after months of hard work on them because they do not fight for the deal in my opinion.