IBKR is a LOT cheaper then Schwab, emphasis on a LOT.Schwab also has portfolio options upon discussing it with them where it adjusts similar to IBKR, but it seems to be very case specific as i was made aware while discussing it with trading desk. 

Cash flow day 1 (and/or lots of capital reserves) is still important, though, just not for the reasons most think ... it is not important as the mechanism to achieve wealth, but as an insurance policy to make sure you have the staying power to achieve your value add in the short term AND to enjoy those rental and appreciation increases in the long term if they come.

Keep in mind, there is still risk even if a property shows clear title on an O&E, consider water bills (if your state liens water, mine does), unpaid taxes, and the potential of mechanics liens that could fall out AFTER you have already purchased the property.

It was easy, because they really put all their emphasis on my assets and other than my credit score, I didn't have to prove any income or other things about me. 

The mechanic spent time helping me figure out what I needed and he even let me buy the parts online to save some money.  

My apologies--I am still figuring out the mechanics of the site. 

Whenever I told anyone that I was a real estate investor, they automatically assumed I said real estate realtor regardless of how much emphasis I put on the word “investor”.

I do not think Lifestyles is in the same category as many of the other guru and mentoring programs, in that Lifestyles provides a hands on approach with very specific guidance and an emphasis on the actual purchase of residential properties.

What is the deed/financing mechanism being used?

This keeps me from dipping into my saving when it is time to replace a roof or mechanicals. 3rd I say no to moderately qualified renters and wait for a highly qualified renter!