I would like to increase my cashflow by about $5000 extra a month.

Second, raising millions of dollars of extra equity upfront so that you can then redistribute it back to investors and claim 5% distributions, is fraud.

These extra expenses will probably scare them away.  

A good custodian will be there to support you and provide education every step of the way; you may find you don't even really have the need for checkbook control (also a good option to ensure you're being extra careful following prohibited transaction rules).

Any extra advice on other considerations would be greatly appreciated!

For sophisticated sellers with highly marketed deals, invest extra time in thorough due diligence.Next, assess the property's condition and estimate renovation costs.

I keep plenty of extra cash reserves to pay for repairs and maintenance.

This compensates you for any potential extra vacancy time during an off-season turnover.

But from a practical standpoint, even 8 adults would exceed fridge capacity, create bathroom bottlenecks, parking problems and put extra wear on the property.

I'm a newbie to real estate investing, so little words are very much appreciated :)Big picture if it helps: I'm exploring an all in one so I can plop extra savings into it until I'm ready to purchase additional properties and then can pull the money from the all in one for a downpayment elsewhere and then will continue to throw money into the all in one from my main job as I save for additional downpayments.