It's cool to tell people you "own 80 doors" when if fact you don't...you own a small percentage of 80 doors and the 95%'ers control you future.  

(Currently creating my own templates to implement the strategies covered) It does sum up a lot of what others say/do and I'm excited to implement this and see how it works.For mileage: I just track my total miles driven in a google sheet at the end of each year, (subtract last years to get the current year total) then take a percentage of that as a deduction (roughly 90% for me).

Then they'll split profits with you on a percentage.

It took about 4 years to break-even and now 8 years later at age 65 and retired, with 35 deals (10 have sold), we have pulled out more than double what we put in and we are currently still in 3800+ doors (remember syndication; we boast with door count, but only own a small percentage of each door). 

I'm going to disagree with this statement...While a GC would certainly want you to believe that having him as a partner is the best situation, in reality this is just the best situation for the GC, not the investor.Put yourself in the shoes of the investor -- if you had a choice between bidding the job out to a GC for a fixed price or partnering with a GC for a percentage of the profits, why would you ever go the partner route?

IMO the loan should be made on a percentage of the purchase price, not the perceived value.

As mentioned, you need to talk to the small percentage of members that do deals, not all the newbies who will never get past their fear.

Also, an investor was telling me that you can deduct the interest you pay on property loans, and effectively bring your taxable income down to a very low percentage... but I also heard that you can only deduct the interest on your primary residence.

Those terms will include the interest rate, down payment percentage, the maximum that the buyer can borrow, the max monthly payment the buyer can afford and number of years that they’ll be making payments on the loan.from here you try to find a deal

Depending on the cycle, the cap rate may fluctuate percentage or so.