So I feel pretty good about saying I am financially literate, know how to model, and to find deals purchasing out of state.I’m also embarrassed to admit I was so focused on getting going that I just assumed I could track if I was doing well by watching my bank balance.

I'll admit in a way it makes me feel I've made it.How did you name your LLCs?

I will admit, some of the frustration on Jerrylls side was caused by my team inadvertently, whether it is my team saying we can't force someone to stop using a design that looks like his (it's not our legal standing to do that) or our team not communicating well enough why we can't support helping people fix their custom CSS code if they messed it up.

Many more disturbing facts and allegations are available in public court documents: https://unicourt.com/case/pc-bk5-metallic-blue-development-llc-2058799.Bankruptcy cases can take years to unravel and most of us are expecting to recover pennies on the dollar at best.Make your own judgement on trusting people with a track record like that.

I will tell you that everyone has fear even if they don't admit it.

I will admit we got pulled into one and to be honest, found what we received through the Bigger Pockets network (tools, books, networking, etc.) far exceeded what we made many times for elsewhere. 

There are many posts here from investors admitting they should have hired a PMC sooner. 

(half of 44k income is 22k, less the 22k mortgage = zero)I admit this is oversimplified, but I think I'm in the ballpark, right?

All other assumptions look good to me, but I must admit the cash flow per month wouldn't meet my criteria for the investment - it's lower for my returns.

Having worked in commercial real estate for nearly 20 years, and knowing many people that have been at it for 30+ years:1) no one ever goes bankrupt with no debt2) Most everyone I know in their mid-50s or older, that have built large portfolios (with debt, admittedly), seem to move from acquisition mode to debt pay down mode.