Using 70k cash, pre-approved, and 800 Credit score, I hope to achieve the goal of getting $150-200 per door after house hacking one year after living in the property. or i can invest in a single-family unit under 250k with 20% down and hiring a PM, not sure how much i can profit after taking into effect all the expenses. 

Reason why is, deals come up all of the time and if you just start buying deals haphazardly, they may not be helping you achieve goals.

Achieve financial freedom, starting at matching the income from our jobs.     3.

The trust achieves the same goal of "checkbook control", which is being a legal entity that can be owned by the IRA and controlled by you.  

@Briannan Burns  Yeah I need at least $10k or more in profit to achieve both goals of paying down debt and using the rest of the profit to create passive income.

I don't see achieving much in the way of the economics of scale until you start getting upwards of 20+ units in a single location.  

That affect will remain in place for quite a while.Conversely, to refinance the existing loan into a lower % interest loan and achieve positive cashflow for the property you live in personally means you are achieving an EXTREMELY low cost of living, which is an affect that will remain in place as long as you live there.So, if having an extremely low cost of housing fits what you need right now then you've got a stellar option to live inexpensively. 

This would be so much help, I am very much looking forward to returning the favor once I have the knowledge.Hope everyone is achieving their goals, and thanks in advance for everything.Patrick

Chronic illness is typically achieved when you need long term assisted care (not necessary a terminal illness).

Each time you make an offer, you are saying:I will buy this thing, so long as I can achieve x% return.If you keep missing deals, then you know that other people are willing to deploy at a lower cap rate, at which point your choice is to either sharpen your underwriting or to stop trying.Can't get more objective than that :)