@Walt Alexander - start door knocking, then skip trace and pound the phones.Finding deals is the simplest most difficult thing you'll ever do.Note: 100 addressed might give you enough contacts to find a deal - but probably not.

That would be the simplest solution.

For me, a person who doesn't have a terribly strong grasp on finance, that's the simplest way that I can understand the difference between a good deal and a mediocre deal.

If the market determines the cap rate (in some unexplained manner) then it is not based on the NOI.Perhaps what I don't understand is how the market determines the cap rate.To put it in the simplest terms, what the article is saying is that even though you were able to raise the rents and increase the NOI, the cap rate is still the same because you will be able to sell at a higher price. 

Therefore, I believe when starting out, it is safer to take the simplest route, learn the process and then level up the complexity.

Good local schools is great but for blue collar tenants its good jobs that are the basic ingredient for a successful rental business.

First of all, I am not an attorney....But one of my greatest difficulties/confusions has been the same topic, structuring an LLC with a partner and various deals.From what I understand, it is simplest to create separate LLCs for your deals with different partners.

The Ozone benefit is the icing on the cake not the main ingredients.

All strategies can make a lot of money, but the key ingredients missing in the 1-4 family strategy that you have set out is that there is no value add component and no large scale. 

I am just trying to figure out what the simplest way to handle this while being financially smart!