Inventories drying up, all multi-offer situations and higher prices than just a couple months ago.

I got a bun with two pieces of meat, dry!

So, in the next 13-15 years, hopefully I can have the reserves/liquidity in excess of that $200k you mentioned and still maintain a good income.

Your period of controling the property needs to exceed the term of your buyer.Next, rent credits, see what the lender will apply as rent credits, they may keep you to only amounts paid in excess of fair market rents which would put your buyer thinking they have more equity than the lender will allow, which means they come up short at loan time unless they have other savings and the deal falls through.Next, it is not permissible for a tenant to agree to pay for maintenance for a property as that is consider paid in the rental amounts to the landlord and is noraml wear and tear of and in the business of the landlord....so check in your area as how they view such an arrangement.I breezed over the numbers, make sure that your property will appraise out for your selling price to your buyer when the deal ends.

If there are too many title transfers (often more than even a single transfer) in the past 12 months, it may be very difficult for me to resell to an FHA buyer, as the property would be "red flagged" by FHA due to "excessive flipping."

Watch out for the tax man if your dividend is excessive compared to your earned income.

Situations where roles aren't excessively defined or when one person does all the work and heavy lifting too often lead to resentment and infighting, which makes everything eventually blow up.

I suggest you not ask about points when you're sitting in front of the lender/loan officer. 5 points on a 50K loan is excessive.

The inventory is totally dried up.

But if he bought even one property that was a derelict gas station, an old dry-cleaner or industrial site, he bought himself a bill from the EPA for cleanup.