Cashflow is incredibly important to pay the bills.

Then in my online life, here on BP, I too surround myself with incredibly successful people like @Mindy Jensen, @Alexander Scott Felice, @Joel Owens, @Brie Schmidt, @Dawn Brenengen, @Darren Sager, @Ryan Murdock, @Ned Carey, @Jay Hinrichs.Alex says Broke is a Choice.....and similarly, I am a big believer that Success is a Choice, and the start of that success is surrounding yourself with successful people.

Incredible stuff.

I'm looking into starting a whole life insurance policy (specifically one that lets you borrow against it) for every property that I buy so if anything goes incredibly wrong I borrow against the policy to help pay for costs associated.

I'd make sure you were crystal clear on the financials - ACCURATE ones, including rent rolls (we've seen incredible disparity in rent rolls in facility after facility) - and if the opportunity exists for seller financing, that is a fantastic way to sweeten the deal for you. 

You will create mold and a high humidity environment throughout the home if not. 

Also i recently discovered through my terrible due diligence there is an INCREDIBLE 1800 sq ft attic with almost 11 ft ceilings that will add about $1700 a month in rent once complete....winning OK numbers i purchased the 3 properties for $435,000 i put $15,000 down and my note is at 7% for 3 years when i must pay off the loan or sell the properties.

I don't think it's as much "old school" NC as it is "they've been schooled" with the Great Recession and project failures in these low/no growth environments.

We did not build Duplexes and Quads and Apartments until later and now we have an incredible explosion of building Town Homes, blocks of Apartments and Office Buildings in Tampa.

Figured that would be enough second, you have cash flow, ~250 bucks a month if you buy rightyou get the tax benefits of mortgage interest deduction and depreciationand you have 100% of your funds back in your pocket. this process doesn't scale well, but it's incredible lucrative and efficient. also, the details matter here so those numbers are subject to vary, this example is pretty much exactly what I do though.