There were at least 4 maybe 5 individuals on Dave’s team that handled numerous things like; getting any necessary info from me and the title company, providing my account statement (proof of funds) for the sellers of my replacement, working with ERG for the exchange documents I needed to sign for both closings, and getting the 45-day form filled out and sent back to ERG.

Thank you for the detailed explanation.

One day, I would love to be able to get properties at 75% of market value, but I figure I’ll work my way up to that.Your explanation of the numbers was so amazing!  

I am newer to this but have done years of research, read books, and read numerous posts on this forum.

@Sean Walton gave the most accurate explanation.

(This structure may provide a comfortable explanation to the lender, while still keeping your asset strategy in place)After you form that entity, then you should wrap the holding corps and trust for protective purposes  

Ignore that part of my answer but the rest serves as an explanation of what I did.

Numerous rents How did you find this deal and how did you negotiate it?

Numerous rents How did you find this deal and how did you negotiate it?

As to your numerical goal, you can certainly exceed that (and ultimately by a large margin).Most would-be real estate investors get distracted along the way but have lots of smart phone apps.