There is a location where like minded investors gather in Lake forest every month that you should check out. Go

2) How many units worth of multi-family (2, 3 or 4) is economically viable to limit the net outgoing to less than $3.5K a month.

There is a location where like minded investors gather in Lake forest every month that you should check out. Go

Let us know how we can help you out, going forward!

Like you I'm just starting out. Going

So if there is any small task you can take off their plate to help them out, go do it for them in return for you shadowing them. 

So my total outgoing is $2200 per month not including maintenance.

the land trust is owned by series LLC's and then you have an operating LLC that handles the incoming and outgoing monies related to the properties.  

If I can flip all properties completely within 3-4 months(which is what I've been doing) I should be able to hit at least 30 per year focusing on properties in the 50-$150000 dollar range. ( I realize I will have to find more contractors which I am in the process of doing.2-Flip some, and branch out into development, which at the moment I don't know much about, and as far as starting out goes, could take time to break ground, getting everything approved and permitted by the city, finding home plans and such.

Ask yourself, if it came to it and you evicted these guys, would tenants just like them replace the outgoing?