Thanks for helping me find the property that was the right fit for me -- one down and closed...many to go.

I think the first half fits my style better. 

The partner would not be a part of the proposed LLC, but could be part of the borrowing group, which could accomplish the same goal.

Your goal is to get consistent yield while the syndicator wants to stabilize the asset and exit within a few short years because that's when s/he gets paid.

As far as how many to buy it depends on your goals.

What to Look for in a Real Estate AgentWhen buying a home, you want a real estate agent who… Takes the time to understand your needs and goals, so you have a true partner in your home buying journey.Explains everything clearly and answers your questions, so you’re never in the dark.Has expertise and a track record of success in the local market.Knows how to find great properties in your price range.Will alert you to new listings, quickly, so you get the jump on those opportunities.Will advise you on the best price to offer for the home you want.Will prepare and present the offer, and skillfully negotiate such things as price, conditions, closing dates, etc. so you get the best deal.Will save you potentially thousands of dollars by ensuring you don’t overpay for the property you want.Will recommend reputable home inspectors, movers and other professionals you may need.Not every real estate agent offers all of these services.

I am new to BP but, I have been following real estate investing from the sidelines for a while now.I am to the point that I feel that I am ready to start investing with the goal of real estate as my only occupation in the future.  

I have a lot of goals for my Real Estate Career and I am sure making this post is going to be a step in the right direction! 

Every investor works the numbers as they see fit but you can factor yourself out of a deal almost every time when your doing 30% of the monthly rent into your proforma as contingencies. 

Often times it is better to focus on quality over quantity. 10 x 4-plexes is 40 units ... for example, if you can't meet your investment goal with 40 high quality, reasonably leveraged units or less in scottsdale, you may want to reassess your strategy IMO.