I do agree that this strategy sounds great in theory, as long as you exclude anything variable besides selling a house for $45k profit every month and also reinvesting that $45k to buy more houses to flip for $45k a month.

The goal is to share your life with a romantic partner, not to silo parts of it off, and likely she feels excluded from that part of your life.

Most people I know who are doing this are buying for under $40,000/door (exclude California and New York).The bigger question though is what type of apartment investor do you want to be?

Exclude those that you are building to sell... thanks

Changing cars, even if you buy used, means you never get to the ultimate cheap cost of ownership (excluding gas, insurance, etc, which is generally marginal between vehicles as you already noted unless you drive some insane amount per year), which to me is 1-2 cents per mile when sold/crushed/whatever.

Exclusions Because of Prior Conviction In most instances, a record of conviction (as opposed to an arrest) will serve as sufficient evidence to prove that an individual engaged in criminal conduct.29 But housing providers that apply a policy or practice that excludes persons with prior convictions must still be able to prove that such policy or practice is necessary to achieve a substantial, legitimate, nondiscriminatory interest.

I suspect most people are naming their net monthly household income from the rental properties, which excludes their personal home mortgage, car payment, etc.

For instance, here in Colorado a "no guns" sign is entirely unenforceable at the vast majority of places (excluding places like: primary schools, federal buildings, and places with permanent weapons screening stations).  

Excluding crappy 401K expenses it's still a good vehicle for retirement. 

The agencies will exclude the tax liens and civil debt'a if report's don't include a consumers name, address & social and or date of birth.