The typical income from a free and clear rental would probably be $800-1500/month - and on a financed rental probably $300/month on a good day in today’s market.  

Additionally, there typically are additional state protections (outside of the agreement) based on where the fund is located.

Just a follow up question, were you utilizing debt to invest, I have always been taught since a young age to try and not utilize debt (I come from a family of stock market investors, traditional business owners) where debt is not utilized as frequently which I obviously understand debt can be a very powerful tool and utilized in a great way its just something I want to avoid with my investments to an extent any suggestions for investing without debt or as little as possible. 

But if your goal is to leave your day job soon, multi family will offer more cash flow typically.

As noted above, up to 50% of gross rental income normally gets eaten up by expenses (taxes, management fees, utilities, landscaping, repairs, capex, etc).

Does Hard Money typically cost 30-40% of the purchase price?? 

I've done a few so I'm typically offered 90% LTC.

Pace is a typical guru.

There are still a lot of deals that are anywhere from 120-180k and multifamily typically starts around 200-250k.

If so is there a typical investor profile?