Hey Jonathan, I think the most important thing is listening to what the instructors emphasize.

There's a relatively untested way to absorb some but I emphasize it's untested which a long way from either approved or disallowed.The theory is that if the improvements are less than 10% of the value of the property you are buying and the improvements are things that would normally be associated with a structure (roof, A/C, flooring etc not furniture or a car in the garage). 

The play emphasizes equity a little more than cash flow.I live in Mequon and we invest in the suburbs; so obviously I believe in the advanatages, but with higher price points, a noticable smaller tenant pool and therefore more time to fill compared to Milwaukee, it comes with its disadvantages as well.

This is very inspiring.I love how you detailed the steps you took and emphasized how the specialized knowledge you had coupled with implementation delivered such great success.I also really like how you created an incentive for the real estate broker and the result was beneficial for all.Additionally, the point you made about knowing your markets rents, both section 8 and market, I’m finding is key.

Be clear on what you're signing up for here.Definitely, re-emphasizing Spencer's point that you should split the cash flow after paying the debt.

Barry's answer is the best one and he wrote it better than I would.One aspect he said that I want to emphasize more (and I am phrasing this in layman's terms) is YOU DON'T HAVE TO DO THIS DEAL ALONE.

The theory is that the huge number, which has happened over a LONG period of time, emphasizes his LONG term approach to investing.BRK A Shares - https://finance.yahoo.com/quote/BRK-A?

My agent wasnt too worked up about it, but I will definitely be emphasizing it to the inspector.

That's why many states require you to keep it in some separate account to emphasize that's its not your to screw around with....So bad idea......

(EDIT: I want to emphasize that I don't think this is a good thing to do as a habit or to be sneaky.