I wanted to ask this question to gage if the information in the book was heavily effected by the new tax bill w/o making assumptions.

This assumes I'll be saving $15-20k per year to invest, reinvesting all profits, and the average property I buy costs $100k with 20% down and cash flows $5k per year.By end of year 1:Units: 1Cash flow: $5kSavings: $15kTotal to reinvest: $20kBy end of year 2:Units: 2 (1 new)Cash flow: $10kSavings: $15kTotal to reinvest: $25k ($5k extra)By end of year 3:Units: 3 (1 new)Cash flow: $15kSavings: $20kTotal to reinvest: $40k ($15k + $20k + $5k extra from year 2)By end of year 4:Units: 5 (2 new)Cash flow: $25kSavings: $15kTotal to reinvest: $40kBy end of year 5:Units: 7 (2 new)Cash flow: $35kSavings: $15kTotal to reinvest: $50k ($10k extra)So long story short, with some assumptions, I'd shoot for around 7 units in the next 5 years and ideally continue to ramp up beyond then.

You buy as much as u can when real estate is down and stop once the recovery is well underway .Going my historical bay area standards , it has never appreciated by more than 7 years which is the assumption I am using to say that we are close to the peak . sell and have plenty of cash available to then pull the trigger when u want it . 

I am under the assumption Trump's tax plan will actually help REI, I'm just not sure about the nuances.

What are the assumptions/projections? 

I don't think it would be a problem but don't want to make assumptions: if I do craigslist advertising or other things to help find tenants for a property I own that is being managed by a company, is that ok, or a possible contract violation?

In my view, demo and simple framing is standardized and prescriptive so it does not take too long to put together a rough outline based on standard assumptions. 

Omar:My assumption may be in error.  

My assumption is it will be treated as two separate units but they can tell you that as well as review the property to ensure it qualifies for their program and/or items you need to address to pass the inspection. 

@Hassan Oukacha the average home price in the greater Austin area makes cash flow hard to achieve unless you are able to purchase highly discounted properties, negotiate assumptions, or put down large down-payments.