During his speech I researched his background and found out that he's a professional speaker hired by agencies to give presentations, and has no ties to RE.

Hi @Sunny Chen,Indiana is a great market for steady cash flow, but if you’re looking for stronger appreciation and diversification, exploring out-of-state options makes sense.

My experience has been the more units that you can tie into a property the better the cash flow is, although I will say that once the 5 unit is completed (renovating it myself) we will cash out refi it and I will make about $30-40k for my hard work.  

Marketing and home improvement activities may count as well, provided they are directly tied to property operations.2.Time Spent by OthersThis ties back to keeping a logbook.

If you represent yourself, you have an amateur that is emotionally tied to the deal.

FHA Loan Planning: - Waiting to secure a stronger financial profile with two years of work history and W-2s is a prudent choice

But in my mind that's your best case scenario, take your profit at the beginning, maybe buy a couple of the houses at a discount on the back end as rentals if it works out, but for sure I wouldn't want my profits for improving raw land tied to the final sale of the home unless I was incentivized to do so.  

As a seller I wouldn’t let anyone tie up my property that I wasn’t AT LEAST 90% sure would close (not wanted to close, not said they would close.) and that number is probably closer to 95%. 

Limited Future Borrowing: Tying up multiple properties as collateral may limit the borrower’s ability to secure additional financing in the future, as those assets are already committed.4.

I’m very interested in how this all ties together.