Are you double counting the insurance and taxes by accident? 

He estimated $15k-20k a door to level the buildings, not counting repairing any plumbing or HVAC items that broke in the process.

.- Buy a rental that is based on cashflow and does not count on appreciation. - < 100k- Falls on at least 1% rule- Avoid war zones- SFH or small multifamily- If rehab is required, prefer only cosmetics since I am newbie.

I get tired of reading how a person needs 800 thread count sheets, plush towels, an espresso machine, a fancy couch with Corinthian leather, top of the line mattresses, etc. 

Make sure to sit down with your agent and customize the bubbles of your search parameters, locations, unit count, and prices.

Conventional financing does not allow for LLC's (although they do allow for the time a property was in the LLC to count toward off setting the seasoning requirement). 

The only appreciation I count on is forced appreciation. 

That doesnt count land or extras though.

I own about 83 doors and counting.

I always thought counting rental income was pretty simple.