That said, I don't see any reason for that- some people here recommend an LLC for each RENTAL property, but if you are doing one flip at a time, or even several, one entity should be sufficient, no need to make life any more complicated than necessary. 

Ultimately I dont like their broker split so I would not stay once you are self sufficient.  

They don't have a limitation assuming you have decent credit and sufficient liquidity and the property income supports the loan amount. 

Your Comment: "don't forget the S and L crisis and 18% interest rates as well us old dogs went through.and of course if you look at each one it was a vastly different reason.. .. so what is the next thing.student loans???

I have found the vast majority of tenants to be very reasonable in their demands and expectations. 

But I'm not sure it's worth the expense for the rental units.3) We have two water heaters (each around 40 gallons) - is that sufficient hot water for the number of bathrooms in the building (5)?

However, I am not new to the idea of real estate and its vast potential.

The vast majority of lease-option deals fall through.

I would think as long as they request it in writing/email, properly worded as to they wish for it Not be mailed, you’d be sufficiently covered....and you providing any required accounting, etc. by email.

There is a vast wealth of information on this site, and the best part it is FREE!