fair return methodology used must be “concerned with the financial integrity of the businessas a whole, not the ability to obtain a return on a discrete portion of the business.”MNOI presumes that the rents Landlords chose to charge, in a year free fromthe idea of rent control, provided Landlords a fair return on their investment,as the rents that were charged were based on general market conditions, andnot the upward pressure that policy discussions of rent control may have onthe market.

I am new to bigger pockets, I am a licensed plumber in Northern California I would like to start obtaining rental properties 

Have you looked at AirDna or another STR data tool to obtain expected ADR?

Here’s how to get itFor an unbiased legal opinion, consultant with an attorney whose fee isn’t contingent on outcome, or loading billable hoursFor an unbiased financial opinion, consultant with a FEE ONLY financial or FEE ONLY investment advisorFor an unbiased real estate opinion, consultant with a fee based consultant, preferably one who has obtained the CRE (counselors of real estate ) designation. 

At the end of the day, ask yourself why these GP's are exerting additional effort in pursuit of the smaller check sizes instead of obtaining the larger checks.

It's easy to obtain, costs very little, and doesn't require additional, on-going effort to maintain. 

If you are obtaining a hard money loan, the lender's familiarity with the market is what matters most.

Similarly, the mentors, fellow classmates obtained in this community allowed me to blossom.

Open a business checking account, obtain a DUNS number, and look into setting up accounts with companies that report to business credit agencies (e.g., net 30 vendor accounts).

So there is no single projected return, no single actual return, no single experience (and it instead is a huge variety).I feel one of the main advantages of passive investments (via syndication/crowdfunding) is that I can hire a manager who has years more experience than I can ever hope to obtain myself.