I am not trying to talk you out of anything you have you sights set on.  

The individual who owns the real estate in their personal name  but understands these key principles is also better prepared to address any claims or conflict if and when they arise than the individual who owns their real estate in an LLC and ignores these important operational functions. 

Given our higher insurance costs (usually 0.7% to 1.0% of purchase price as a rough guide -$291/mo on low end) and property taxes (typically between 0.5% and 0.7% of purchase price as a rough estimate -$208/mo on low end) that leaves only $1489 for Principle and Interest.

If you are buying sight unseen with cash, there are nonrefundable downpayments you have to watch out for.

To invest in real estate, set clear goals, consider your timeline and risk tolerance, learn about financing, analyze deals using rental property calculators, consider house hacking, network with investors, create a financial plan, stay educated on local market principles, and start small with a single-family rental or duplex.

Why is it not equally as common sense about a complicated legal process involving hundreds of thousands of dollars, layers of regulatory over-sight from Federal, state, county and local. 

A more appropriate post would relate to raising money to buy real estate and not be so short sighted and focus solely on the meager amount of money it takes to put a property under contract.

You'll never make money if you don't follow these principles.

Some of his principles are helpful (10x thinking big) but hes a lot sizzle without the steak. 

When the property sells the investor gets paid back the principle first and you split profits from the sale 50/50.