If you don't have systems in place to allow you to efficiency allocate your time to high-value tasks, you're not going to be very successful in this business.

And you'll need to determine market rental rates and realistic concession allocations.

I suspect that you should read some material on asset allocation and spreading your bets across asset classes.40 properties will almost certainly be accompanied by a mountain of debt if you acquire them in the next 2 years unless you are very wealthy to begin with.

In calculating my debt, they are allocating me the full amount of the mortgage payment for the currently existing loan even though I am a co-borrower.  

But even then the deal looks pretty good in the discounted cash flow analysis (calculated a few years off the top of my head, but still).Based on DCF and net profit allocation (risk management reserves?

 $4.95 fee can be allocated to renter or landlord or split.They were in pilot mode, but it's a fascinating solution if it takes off.  

What ratios, mechanisms, or philosophy drives your cash allocation decisions?  

Also, from my understanding, a SD-IRA can be used for much more than just real estate, it just provides its owner with more control over exactly where the funds are allocated.

For a limited time (while the VHDA has sufficient allocated funds remaining for the program) the 3% can be "gifted" by the VHDA to the buyer similar to their traditional grant programs.If you're thinking about picking up a single family to live in and the rent out down the road (it is required that this loan be for a primary residence) give me a shout or PM and I can connect you with a great lender who can go through the program details with you.

I implement a RUBS program which essentially re-allocates utility bills formerly paid by the owner back to the resident based on unit size and # of folks in unit (formula).