It always depends on how you crunch the numbers though; I have been accused of calculating too low on vacancy/repairs, while you may be very conservative!

At 30 years old, I got to witness my father's former employer use the court system to screw him and other retirees out of their healtcare benefits. 

@Les Jean-Pierre The news from New York about AirBNB is interesting and likely trend setting.I read last week that Stephen Ross of The Related Group has asked his residential property managers and tenants to keep an eye out for AirBNB use in their properties.As the deep pockets (aka bigger), large owners such as The Related Group likely want to avoid being accused by NYS of supporting a concept that requires regulation.Many cities globally follow New York's lead on policy (e.g., the smoking ban in restaurants). 

@Jerry W. Its

Get adequate insurance.I witness first hand a couple who set up a business in a S Corp.

Although, I have witnessed inflated real estate prices where the average property value is 7.6 times the average salary.

If you choose not to learn from it, don't confuse the issue here with false accusations.

I understand the savings are at most around 10-15% as all the finishes are the same but I'm trying to get the cool factor and rents that go along wit it.

SBA wit some seller carryback.

Personally, I do not have much experience, but growing up I have witnessed my mother purchase a few rental properties in New York.