Follow up question - what constitutes a ‘family member’ in the non-occupant co-borrower definition?

Follow the math

Just a quick follow up on this (maybe someone will benefit from it in the future).

Hey there, I’m a new investor currently collecting info on various properties in the local area and wanted to get y’alls thoughts...If one is just starting out investing with the following goals:-$5k/month cash flow within 5 years-multi-fams / single family / apartment buildings I have a combination of accumulated personal savings and over $200k available in the form of a HELOC (debt free home)What are your thoughts on buying a few multi-fams/single fams vs buying the biggest apartment building I could afford?

Someone blindly following your "advice" as gospel to expand would think that maximum attainable leverage all the time and in every property was the only path to building a portfolio. 

A bit of a one stop shop and I’m always open to follow q&a.

So the assertion that the "best case scenario" of "$1.5 mil/year (3% of $50mil)" is demonstrably false--because we've already proven it so.

Usually the tax lien follows the person, not the property, but it may need to be settled to get clear title.

I have not done a full analysis of each rental to see what the deferred maintenance is as I figured that would be after I am in contract with the seller.One item that concerns me is that I am coming up with an actual expense ratio of 55-60% instead of following closer to the 50% rule.

We are very naive and trusting people, so we had major issues with contractors (had to fire the first one) giving us proper estimates and following through on their work in a timely manner, and sticking to budget.