Underwriting assumes that you will sell the NOO or the vacation home before you would sell your primary residence in a time of desperation, thus the need for more "skin in the game"

I think 20+ units (which may mean multiple buildings) is a big leap if all we've ever done is SFR's.I know there are people on here who would disagree with me but it's always about what your comfortable with.

MLS = Multiple Listing ServiceThere can be one or multiple local MLS's in your state.

I strongly suggest you read the bigger pockets beginners guide as it covers all of the basics of financing, and the more crazy and creative methods are discussed in multiple podcasts, Blogs, and forum posts.

What is the likelihood that the lease(s) will be extended beyond the current 8-10 years, sounds like it is multiple units if it is 8-10 years.

(unless you have enormous capital)and even if you had multiple cash investors ready to purchase, is it ok to not tie it up first under your name?

This topic has actually been discussed multiple times on the forums.

Vincent Polisi, I just finished setting up my Biggerpockets account in my ongoing endeavor to become a Virtual Real Estate Investor and create multiple streams of Internet income.

In the event of a multiple offer situation, where the home owner seller would select which buyer, what is the difference to the seller if the offers are X, X+$100 and X+$50000?

Anytime you mess up in RE, it has the potential of having multiple 0's behind the mistake.