I may be wrong but I'm trying to use the KISS principle to save me from analysis paralysis.

More to my point, it's the education of the basic principles of RE that are most misunderstood by those attempting to work in niche areas.

Next time, I might pay down the principle at the same time rather than just interest only.

My business is an LLC and I have been planning to rent my basement to the business LLC already - and I have spoken, at least preliminary, to my accountant about this with no obvious objection.

My main objective is to acquire at least 2 properties this year, more would be awesome.

I was sitting here brainstorming ways to apply some of the outsourcing principles to my involvement as a new investor and thought I'd go public, since many minds are always better than one.So far I have a small list going, but would love to hear if you all have any other ways you have put either outsourcing, or any other 4HWW (muse creation, 80/20 rule, etc.) into your real estate businesses.Here's what I've come up with so far:Virtual Assistant (VA) tasks:screening MLS for potential dealsyellow letter campaignsGoogle Adwords tracking and implementationmanaging tenant screening process (background checks, tenant checks, etc.)tracking down absentee property ownersgenerating a list of every commercial building owner in your towncollection and aggregation of data in due diligence process for a commercial purchaseresearching cash buyers in targeted markets identifying common expense items in a new market (trash, electric, water, property tax rates, etc.)What else might make sense?

The guy doing the work will still get more AND you will have a nice clean division between what is subject to FICA and what is not.Then on the next deal if you want to hire out the work instead of one of the principles doing it, it still stays clean.

.$324,000 Total CostHolding Numbers:$2,100 Principle Interest Taxes Insurance$1,900 Rent from 4-bedroom SFH (with 7% vacancy this drops to $1,767)$1,300 Rent from myself in renovated 2-bedroom Carriage house$967 Profit with 7% vacancy on the 4-bedroom rentalThe garage could potentially rent for $300-800, but I'm not factoring it in because I'm not sure of how legal that is.This is my first purchase.

@Craig Price - I think you'll find that it depends on your financial goals & objectives.

I tried what Matt M. said above once buy turning a property on a 10 year loan into a rental with no cash flow, relying on appreciation and amortization of principle to make up my returns.