I try to keep square footage within 10% or so.The key to the exercise is to eliminate any preconceived notions regarding the ARV. 

You don't go into business with empty pockets or with a notion that somebody owes you money upfront for 0 work done. 

The property is now more like a business, it will have staff, assets (golf carts, tools, etc) most like there will be multiple streams of income (laundry, etc).There seems to be a notion that bigger is better.  

Banks I havent even applied b/c I have a preconceived notion I dont fit their criteria: no job.  

If he likes the monthly cash flow and is just getting burnt out, he might entertain the notion of financing directly to you for some of the properties.

Don't go in penniless though, things can and often do come up.Also the notion that a property bringing in $18,000 in rent is going to net $15,000 is pie in the sky.Let's assume you purchased a $60,000 property and put $15,000 down.

I second the notion.

(Thanks to the BP Podcasts for making me aware I could even do this).I'm currently looking to move my Roth IRA account from a traditional discount stock brokerage to an SDIRA, and am most intrigued specifically by the notion of a Checkbook IRA (IRA LLC), since even though the initial fees are high, the ongoing/annual fees appear as though they are not. 

"Fine in the short term"....is still a scary notion when thinking on flooring support "Non-standard beam supports".And this one: "represented number of non-standard beam and joist supports".....seems like to many to note for the inspector.

It's always good to see people getting involved in REI up in our neck of the woods.If I had time, I could probably write 10 pages on the questions you ask here, but will try to give a very brief overview without getting lost in the weeds.As you probably imagine, Logan is the most desirable area for rental properties because of the perceived notion that the University provides an endless tenant pool.