This difference in cash flow is artificial as you have higher debt or you've put more of your money into the deal to make the cash flow higher.Also if you are talking years to pay back $3300, it means you don't have a lot of money in reserves-what if something happens to either your house or the rental-do you have to borrow money to fix it? 

Who benefits most from artificially low rates? 

So vetting them by seeing some of their current similar work is intelligent too.

Instead you condescendingly attacked my intelligence with a comment that can be summed up as, “only a lawyer can answer this.”

I remember reading something recently that deemed S-Corps less favorable, but I don't know enough or remember enough about it to speak intelligently about it, other than to dig a little more to learn a little more.Not sure that helps a heck of a lot, but it does give you a couple things to think about.

Enough to be confident I have some good market intelligence I should try and leverage!

These people may even become relatively rich one day, but will never be able to sustain any lifestyle without going back to work eventually, because they did not create wealth.The speakers I have been listening to over the past couple weeks of my real estate course have all been heavily biased towards the realtor mentality, they have what I consider to be “the poor person's†mindset, as they see artificial caps on the amount of money a person could possibly make, and limit themselves to only doing what has been done before.

An A class property garners a lower cap rate then a D class property, and the cap rate in Omaha will most likely be different then in New York, or Los Angeles areas.And obviously you can negotiate anything, so the price isn't guaranteed to be based exactly on that cap rate.But based on a cap rate valuation, if you can (intelligently) cut expenses, and increase rents so income increases $100 a month, that is $1,200 a year in increased income, and based on the 10% cap rate valuation, your property is now worth $12,000 more. 9% cap rate would mean it's worth $13,300 more.Here's one article that discusses it:http://www.biggerpockets.com/articles/924-understanding-value-in-multi-family-units

Paul,I'm pretty new myself, but I can speak somewhat intelligently on a few of your questions.First, very smart on you for using your (I assume) Post 911 GI bill.

It insults our intelligence, and wastes our time.