I'm calling BS on this info from you accountant until he produces a link to the rule or reg...If he does, then I'll eat crow along with the others :) If he doesn't, you should consider getting yourself another accountant.

There is a rule of thumb that says expenses, capital, and vacancy will eat 50% of the gross scheduled rent.

Nothing eats up more profits, or creates more work, than turnover.

Too many issues can arise that could eat 6k in a heartbeat so I like a little more cushion on my side.

If you don't know them personally, splurge on a Egg McMuffin and coffee and listen to what they're concerned about.

The saying is "you can't eat equity".

The question becomes if over time managemnt fees (director's fees, advisor fees, etc.) eat up all or a big chunk of the profits.

Writing content, creating lead-capture forms, etc. can eat up a lot of time if you're working on a system that wasn't designed with real estate investors in mind.  

And the 'friction' of buying and selling a house (realtor fees, closing costs, etc) can eat up all of the appreciation over such a short time period.Your main goal for now is to get the dental degree and then learn your Army job.

I moved in a few months, wasn't what we thought it would be.Hooking up with a mortgage banker will require experience, a chicken or the egg situation, it also takes bonding with the mortgage banker.