For instance, a customer might be doing a ground-up spec build and we might say "Lesser of 80% of cost or 70% of ARV".

I thought the main advantage would be the ability to micro-manage your portfolio, customizing your vendor list according to each property and coordinating with a dedicated leasing agent.

He has helped some of my customers here at the bank especially my Doctors, Dentist buying some unbelievable Vacation rentals and investment properties. 

I also do flips when it is the right time to do so.I also manage a significant rental portfolio for our customers.

We have 800 customers and about 650 are on autopay. 

The problem is that there constantly seems to be fees being charged to me an example of this is in the contract  there is an additional 100 dollars allocated to sewer and water that the tenant automatically pays every month with rent and anything outside of it should be billed to the customer (there is no specificed time when this will occur on the contract) but it appears to be billed to me and after speaking to IIP it's like they made up rule on the spot stating that after 6 months all of the additional utility fees would be billed to the customer and in the meantime I am being charged for it.

But this really isn't ideal, as after that lease is over you may be stuck with nothing.

From the posts I’ve read, I suspect your ideal strategy will be anchored on building equity through debt pay-down.

Ideally, if I can find something that provides a net cash flow of around $200ish for my 1stdeal, that would be great.Any advice from the BiggerPockets community would be greatly appreciated.

The catch is, her job dictates where we land, so I'm unsure of the exact market yet.That being said, I have two main goals:Get started with my first few deals: Ideally, I'd like to invest locally (whichever US city we end up in).