Indiana has several markets that can hit the 1% rule, particularly with duplexes and small multi-family properties.

I'm leery of high leverage until I get my feet under me and some experience, so I'm aiming at smaller deals to learn the process before trying to hit a home run.

Rent is "paid" when they initiate transfer not when it hits my account because they have no control over the lag time.

@Peter Mckernan hit the nail on the head. 

Referrals are by far the most efficient, economical and profitable way to do business.

Stories abound of people under contract (with numerous companies) to build homes and when they are about to close, the builder hits them with a huge price increase and it's take it or they sell to someone else for a lot more money. 

Best of luck breaking ground on your projects—excited to see you hit that 1,000-unit goal!

Now I'm hit with a very expensive legal bill on top of it all.

Both can save time and improve efficiency, depending on how hands-on you want to be. 

DLP Housing fund and DLP Building communities fund = They are suppose to be really tax efficient but I am considering using the solo 401k as an investment vehicle.