Your traditional hard money doesn't eat your profit, they charge you a high rate.3. $150/month in cash flow is not something to hope for.

Food cost, Insurance cost, Drinking cost, eating out cost are all going up.  

And, in an ethical fund, the investment sponsor has first loss capital and eats any defaults dollar for dollar. 

Not going to eat any cash flow and put any surplus into the house.I appreciate any thoughts and insights!

Isn't he in effect training up his competition and potentially eating up into his own future revenues? 

If you just want to buy rent ready properties and start collecting rent I would caution that you don't over leverage as you will only increase your cap ex spending all while eating into your cash reserves/equity.

What if someone eats my pizza?

Pigs get fat; hogs go to slaughter. 

Hey Sarah, if you're going to give up THAT easily, when random strangers on the interwebs just have to quote a few stats and numbers at you to make you fold up your tent and wander off into the night...well, the first thing you need to work on is telling anyone who doubts your resolve to go eat their dinner out of a dumpster.

Give a man a fish he eats for a day        Teach a man to fish he eats for a lifetime