Bottom line, while your breakdown is quasi-conventional wisdom amongst newer investors in my opinion it's at best a broad overgeneralization and arguably simply just way off.  

Same with CPAs that form LLCs (which is arguably unlicensed practice of law).

This is because replacing one HVAC unit out of four is arguably 25% (less if you include duct work) of the HVAC system as a whole and therefore not material to the HVAC unit of property. 

Since the tenant is entitled to "quiet enjoyment" of the rental, it may be arguable that any renovations may be affecting their right.

Some of these plans are arguably self directed, so a note or parcel of real estate can be an asset of the plan.

My main concern is getting approved to refinance with a large balance in a HELOC.Outside of arguably the most important step of finding the deal, is there any financing concerns I should have?

But I need to pay $20k in property taxes on all my properties out of that $100k, so I’m left with $80k (assume I have no other expenses.)What I’d like to do is take that $80k and purchase 8 additional properties that are assessed/arguably worth $160k, same formula as before.

Not all managers are good, but a good manager is arguably the most important part of your real estate team. 

Raising money is not easy and we are arguably in one of the "easiest" times in history to raise private equity.

While the capital I diverted from that business arguably could have produced even more income staying where it was, I felt I needed some diversification.