.#3 - Cash reserves.  

Keep in mind this 8% PM part is best case scenario. 14% is likely more realistic long run with lease up fees and service calls.

Being a landlord is a service business.

If I were in your shoes and I landed a deal where I would use my 40k as a down payment and cash flow $500-700 monthly you can then use that towards your loans on monthly basis (assuming you keep some for reserves, etc).

There are certainly going to be some tried and true elements, but we believe as technology, culture, etc. change that so may business structures and practices.With all of that said, as brokers and agents, what service, support, and features are most valuable and most attractive to you in where you choose to do business?

Also, be aware of a reserve requirement.  

Could you get approved for a conventional commercial loan for a small apt property if you only had roughly 20k on your tax returns but have an excellent credit score, $0 debt, real estate owned free and clear, and cash reserves ?

@Prashanth Prash, I can't speak to what others are doing, but I just closed one where the borrower's entire $70k down payment, closing costs, and PITI reserves, on an investment property purchase, consisted of borrowed money secured by her primary residence as a private 2nd mortgage.

But as for the depreciation, it starts as soon as it was placed in service as a rental property.

We'll have a discussion on the real estate market cycle, trends in different real estate markets, various investment strategies, investing out of state, discuss multifamily investing, possibly plan investing in some multifamily deals together.Come if you've got capital to invest, if you have multifamily deals you're trying to raise equity for, if you're willing to share trends you're noticing in your business and would like to learn from other experienced investors.NO SERVICE PITCHESIf you plan to attend to pitch your services, please do not attend.