If you have this extremely valuable experience already under your belt owning 2 properties, why dish out a potential down payment for property number 3 over to a mentor or coach?

IRR estimates are extremely sensitive to the exit cap assumptions.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.PM us if you’d like to discuss this logical approach in greater detail!

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

But assuming I feel extremely confident in the proforma numbers, does the structure seem fair for the risk and requirements from each party?

Vacation homes take some planning, I personally think shooting for break even profit/loss with a vacation home is a good tax strategy but if it is a cash cow I would gladly just pay the tax as you still come out significantly ahead and if you have one I probably wouldn't bother with a cost seg study unless you are getting extremely high rents.

This system is extremely expensive and raises your costs a lot. 

The only direct lenders I'd tried to work with early on were confused about how my investment fit into seasoning laws and erred on the side of extreme caution which also would have taken many months for a deal that didn't require any seasoning (which other lenders later confirmed). 

your asking for 100% funding and that is rare to the extreme most fokls that get this funding do so from family friends or very close associates that know like and trust them. 

I have over 50 doors but have basically done it the old way by saving up down payments etc. and buying extremely distressed and sweat equity Ing them back to life.