Totally agree with @Mitch Davidson.

I usually hold 15% total for these.

It's totally free: https://bcglobalinvestments.myflodesk.com/30daychallenge

I attended a Jerryll Noordan video call just this morning and I left the call feeling totally mislead and concerned about the integrity of the marketing tactics being used to draw investors like us to the video sales calls.I was on Facebook last night and, for the first time, saw Jerryll's ad and clicked on it.

Totally agree with you and it looks like I need to get a business license to do the intermediate leasing occupancy (ILO) in SF.

Totally understood.   

Everything in the article makes total sense...wealth building helps through appreciation and debt paydown over time.It makes sense that chicago suburbs with strong school districts perform the best. 

My mortgage would be $2600 total a month, but with the rental income, it would be $1200 from me and $1400 from the tenant.

Yes  I think the best move here is to asses your total monthly debt and see if a cash out refi will help decrease the total interest and monthly debt obligation.

In Britain it's typically split between buyer and seller, 1-7% total, average 4% but with total transaction costs factored in it's actually more expensive there.