Situation:We're acquiring properties at a steady rate (2-4 per month) and I'm looking to improve our cash management. 

I want to generate a cash flowing portfolio that over the next 10 years will allow me to transition away from my current job without worries about the next one.

There is a big difference between $50 over average top of market rent and $250 over average top of market rent.You can ask whatever you want, and can improve a property as much as you want, but the reality is that the market sets the rent that it will bare and not the landlord.

But, before I became an agent I decided to invest just over the hill in Reno, NV because of the low property taxes, landlord friendliness, steady increase in diversified job growth, land constraints, proximity to Lake Tahoe, and steady population growth. 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

If anything goes wrong with the job that can be made to look like it's due to the plans, they are on the hook.if their actual cost to produce a set of plans is $5000, they should charge you about $15k IMO.Or you can try drawing them...

Job growth, population growth, markets that have had rent growth over the last several years and projected to have continued rent growth.

Real estate needs to be viewed with a long term perspective assuming you have a nice W-2 job. 

Have a very stable job and income but DIT slightly higher to get easy approval.

All money received from the tenant and money spend on the properties should go through this company with exceptions such as capital improvement and mortgages.