But it is risky and I lost money on other bets.I still have a permanent life insurance policy as foundation where all my cash flows in first… It acts as a multiplier of the returns I am making in real estate, and also add a layer of safety.

I would flip houses and get some buy and hold properties here in Rochester NY and in Columbus Ohio, until I have multiplied that 1 million dollars.

My time is valuable, getting a winning bid is only 10% of all walks, and not owning the house multiplies it by 10%, simply because there is only 10% chance of them pursuing the house, that's virtually 1% of my chance getting that bid.

From what I have read, the best way to determine an offer price is the following formula net profit x 50/60 = offer price. (50 or 60 would be selected as the multiplier depending on the current state of the business and repairs needed.

(Or whatever your multiplier is that fits).  

Allow me to multiply and scale my business over and over again without having to make additional investments of my own capital.

Based on the 3.5% minimum requirement, you can estimate the down payment amount by multiplying 3.5% by the purchase price of the property.

Take a lawyers hourly rate, say $350 an hour....multiply that by the amount of hours likely to take, say 40 hours, you arrive at about $14,000.

Why would any co. with half-a-wit have there operations in a place where production cost will be a multiplier higher? 

Without knowing anything about expenses, maintenance, or property tax let's just multiply the monthly gross by 10 and leave the other 2 months for expenses. 10% for management (you can find lower, but let's stay conservative) gets you to $107,800 per year NOI.