Greetings! My name is Tim Greenfield and I hail from Sierra Vista Arizona but originally from Maryland. Currently work for the government and travel a lot for work. Lived in Korea for 3 years and loved it. Rotarian fo...

Since your dad is a contractor, your saving 50%.

I don't think I would do it if I eventually had 50 units.

Please note I include a 40 to 50-mile radius from downtown as part of Chicagoland so this picks up part of Indiana.

The issue with land in general is its stark trickiness, there's no way to set a general rule of thumb as to what prices ought to be offered or what an approximate value would be, the reason?

One of the markets we invest into in BC's interior currently (Kelowna BC) has less the 1% vacancy rate, the city is going to be opening up the rules for adding a carriage house (or lane-way house) thus giving us a great opportunity to add another rental unit onto an existing property.The banks however will be happy to lend once the project is done but leaves us with a short term cash challenge to get the approx 200k to get the project up and complete. 

Regarding tax-advantaged accounts, you're right--there's always a tipping point where conventional rules no longer apply. 

The conventional financing guidelines were designed with the primary end user in mind for the most part with slight accommodation for investment or non owner occupied use (75% of gross income and other simplistic rules).Good post Ruddy!

And much more...I am new to the forums, so if I broke any of the rules, I am sorry in advance.

The position is 50% tech, 50% administrative and pays half as much as the tech firm did, but it has good benefits and my commute is a 10 minute walk.