NOTE: This is how a bank that I deal with in Western PA does things, and its working good for me, but it much more work to find the GREAT deals that flow what I need to make it worth my time while also meeting those lending guidelines.

Ideally I'd like to supplement our contribution toward my daughters' education.

Ideally, I'd like to talk with someone experienced, maybe go drive for dollars or scour Craigslist, find them a few properties, and give them that information.

I have heard it said on the podcast that if I can find a deal, where the numbers look good, and then bring that to an investor, asking for help, that that is the ideal circumstance.

. $1500 property tax would be a $125/mo expense)- Ideally you want to be able to budget in an expense for property management (~8% monthly rent) but I found this didnt work for the numbers and I was willing to take it on myself so left it off my spreadsheetThe numbers are there to guide you in your expected cashflow and how much it will impact you if you're wrong will depend on your own personal situation.

You'll need a back up pump that ideally can pump the same volume of water as the main pump. 

Ideally all the units will eventually have the same paint, but you can also find mistints sometimes that are a lot less expensive.

Ideally you would reach out to an accountant for advice specific to your situation.Additionally, you don't want to depreciate your tools you want to expense them. 

Ideally it would expire or require performance from the buyer by x date but not necessarily.

Each of us differ in our ideal target (SF, MF 2-5 unit, HUD) I am looking to network with PM, contractors, agents, and lenders to build resources and connections.