If you want the quick formula for your SFR:PGI (potential gross income)-VCL (vacancy and credit losses)+OI (other income--laundromat, cable etc)=EGI (effective gross income)-OE (operating expenses)=NOI (net operating income)If you get financing, you do not factor that into this equation.

Second, you would effectively have no skin in the game.

I guess I didn't give it a chance long enough to see what strategy was the most effective.

Any specific banks or agents you'd recommend I engage a dialog with?

"Scheme" as a noun refers to a plan or arrangement to attain something or put an idea in effect.

Make it a habit to engage with like minded people, whether that is your family, other investors at your local REIA or here at BP :)I live by this motto: Do now, what other people are not willing to do.

Also would our decision to finance the building + assets together or separately have any effect on this?

I personally dont think the value of the property is as effected as other areas and rental should be decent.

So, if these tend to appeal to an older demographic, does this effect how you accept online payments and application?  

Do I have to suck it up and pay $1.50 per letter, or is using the home printer trick really that effective?