Im not sure the terminology but even if the rental homes do not generate a profit as long as they are covering mortgage and other costs by the rental income so that within 20-25 years everything will be paid off and I can collect the rent on all the properties as income for retirement down the road.

I'm also planning on just trying to absorb as much as i can from the collective mind of the BiggerPockets forums.

I would much rather, every single day rather, collect 8-12% interest on a well secured note in my backyard than own a house in a market a thousand miles away that is full of other investors all hoping to collect a rent check.

I realize that you probably live remotely from your new investment, but if you can invest some time in showing the property to some potential tenants and screening them, you should be able to fill the lease and collect rent remotely.

I would still own the original home and be collecting $3500/month in rent.

When I pull up your address the first photo I see is the front of the house, which, in my opinion, doesn't do the inside justice, and that is the first photo that is going to be critiqued and ultimately the critical "first impression" by potential buyers.

$300 maintenance reserve.  10% fee on rents collected.  

What you have done is extremely impressive you should write a book about it.  

Attorneys can also be compensated through fees collected at acquisition or disposition of a property.Escrow Officer or Title Rep-- the person responsible for closing the deal - taking me from "the offer" to "the keys."

I must say I am impressed!