Even though they could be walking distance apart.There is a lot of construction happening near the area that Stuart mentioned and that is certainly affecting values and rental metrics. 

You mention a $20k sale price and an agent can't really make a living selling at 6% of that.

Just as was mentioned above with the HELOC, I would use same philosophy with your 401k.

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

I'd probably need a more specific question, just because you mentioned a lot of things in the post, and I wouldn't know where to start without having to write paragraphs and paragraphs.

As with any investment PML does carry risk, so investors must weigh their own personal goals and risk appetites against the returns.Long term (after that career of investing you mentioned) I see myself going more heavily into the PML/ LP route.

I am not following where you are saying you purchase it, isnt the debt yours (as you mention "repay my note earlier than agreed?)

@Alan Asriants there is no added time or added risk when buying properties that one triple net leases.All the drawbacks you mentioned are eliminated with NNN leasing owned properties.If the interest rate on the loan is low enough in relation to income received, there is no financial point in eliminating leverage, mortgage.

Sorry I didn't mention my state.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.