He also said that LLC's were expensive tax wise and did not allow the cost basis to reset upon death for the heirs, and a few other things.  

We have done that for our clients on a case by case basis.

I'm up at 4am every day and I have an excel spreadsheet detailing time allotments for each day to work on personal reading, real estate work, practicing guitar, daily bible reading, and working out.

Account Closed Will you be using this guy on a regular basis? 

I'm just starting out and haven't found any deals yet (am looking) but am learning everyday especially when I take action.

I replace the built in microwaves when they break, but do not provide them on a normal basis.

@Marco Cruz A business attorney can help you with structuring your LLC, but you can have your LLC partner with other individuals or LLC on a per deal basis, again talk to a professional about how to structure these deals as they will be your best resource.

I always raise the rent annually (never 20%) and while the tenants complain they get over it and I don't have to interact with them on a daily basis since they don't live upstairs.

With other business partner we are starting cooperation where his company will be providing us with money on monthly basis. 

If let's say my strategy is not value-add and my NOI remains the same, say on year 5 until year 10 but the interest rate goes up 100 basis points during those years, my cashflow actually drops because of the higher debt service.