It's the unfortunate reality of real estate investing.

And yes, sad that cash flow seems to be an elusive reality right now, but I'm optimistic that it will be a possibility in the future.

I’m not trying to rain on anything here but the reality is that measuring Btus delivered to individual units via airflow is by its very nature imprecise - if you want to know why, read on...The size and length of the ductwork is but one factor ( of many) that will yield energy losses while that warm air is being moved to your units.

Managers can take a big cut.I addition I would like to share a few realities with you.  

This is the harsh reality (at least for me) to get where you want to be.

My realtor and I recently put a cash offer  on a house, but in reality I plan to fund it with hard money.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

Versus if you leveraged, you could buy multiple properties (or larger projects), and be in a better position in the long run.The reality is real estate kind of only makes sense if you leverage.

That is a harsh reality every wholesaler has to face sooner or later..

This is coming from someone to stepped out of W2 in their early/mid 30s, and I can tell you first hand it's not cheap and anybody that tries this really does not understand the reality of it.To your other questions, cash flow is just a mechanism of leverage nothing less or more.