I do work full time, at a large accounting firm, nonetheless, so my hustle game after work isn’t very strong, if I am to be honest with myself.I plan on purchasing properties using BRRRR, and holding them until I have enough equity in all of them combined to sustain the $20,000 monthly cash flow (after considering CapEx, and other maintenance expenses).I will then sell the excess properties, hopefully passing them down to new investors, effectively using the equity from the sale to pay off the remaining portfolio.As stated above, I have not solidified my market yet. 

Congrats on finding a market that works for your REI appetite.  

@Chris Mason is a loan officer in that area and can give you very specific information.One thing though is if you are looking at 720-750k properties, you are going to be in excess of the FHA loan limits, so an FHA loan isn't going to work.

The face value numbers are intriguing: 7% preferred return with excess split 70/30; 7-year expected hold period and after return of principle, profits then split 50/50. 2% acquisition fee of purchase price and ongoing 5% fee (EGI) for management.

I'd like to keep using VRBO for the exposure but I'd like to create a work-around to avoid all the excessive fee's imposed on renters and thus driving them away.I'd like to know what others are doing out there who've also seen this?  

Unless that W-2 job also provides you with stock options or a salary in excess of $300k (no stats to back the $300k up, just an observation I've made with working with tons of different people). 

We've certainly rented to people with student loans in excess of 100% of income, but have not had problems. 

The s-corp owns nothing but has SE tax benefits and I can establish/fund a defined benefit retirement plan with excess profits if I need to defer reportable income.  

They moved because they needed a bigger space (there new building was double the size).My calculations indicate that by putting the excess cash generated every month against the principle, I should be able to pay it off in c.11-12 years.Would love any thoughts the collective BP community has!!

I wouldnt be a good csndidate for long term becsuse my drive time would be excessive.