I'd like to save a few dollars since this is an investment but wouldn't want to sacrifice in quality or style.

Like everyone else I am looking to achieve as much cash flow as possible.  

Over 40 years I have been convinced there is no better way to achieve wealth than through the ownership of real property.All the best!

Setting extremely high goals keeps me enthused, engaged and obsessed about achieving goals.You should be able to achieve your goal much sooner.The first step is to learn how to analyze the investment strictly from a financial perspective.  

Take that one step further and you can form another plain old LLC to acquire the assets with, and then "wash" the income through the S-Corp to achieve a "reasonable" salary, 401k contribution w/matching and take the rest in the form of a dividend which may reduce your overall tax burden.There are also some forms of ROTH that can further be of benefit depending on your overall financial matters that may be worth looking into.NOTE: There are limitations as to how many loans you can take from a 401k per calendar year, so don't be in a hurry to payoff your 401k loan just to take out a new loan.

I think there is a lot of opportunity on the south east and mid west to achieve true cap rates in the 7-9% range on solid clean opportunities. 

Over 40 years I have been convinced there is no better way to achieve wealth than through the ownership of real property.All the best!

But, he was going to be able to achieve very favorable owner-financing terms, with low down-payment, 30-year am, and low interest rate.He then invited me to view a link, which turned out to be a PDF of Brandon Turner's BP Calculator, and asked for my opinion...You should know - I answer each and every message, email, and telephone call; specifically when approached with due consideration, as in this case.  

The issue always seems to stem from running the 50% rule on the property to achieve a conservative expense estimate. 

We introduce them to our management style and rental agreement.