I usually start clients out in more established neighborhoods with consistent track records.

What chance do I have, being very conservative, having bought nothing before, having little to no connections at all, over someone who is established, connected, knowledgeable about the area, risk tolerant, and ready to pounce?

Plus more and more companies are establishing here and offering employment with much higher wages than most people around here are used to earning but as more and more people are able to earn higher wages then I know sooner or later the rents are going to go up significantly.

others would be wiped out.all because they sold or did not want to buy lower yield.. chasing yield is gambling as much as those that say buying for appreciation is gambling.. probably worse actually.. 

I feel like once we establish the first 2-4 units investment, we can use the cash flow over few years to buy another 2-4 units.

The condo is in a nice and desirable area, and has long-term established tenants paying 1450 per month plus utilities.

You can add language to your contract stating that you may use other financing methods to close that won't affect the timeline established.

You can pay yourself a guaranteed payments that is subject to self employment taxes if you had partnership that would qualifying for contribution.You can establish another entity and pay yourself a property management fees form multi family ventures. 

Because he did not maintain contemporaneous records of his time and did not submit any other records to verify his estimate of his time spent as a salesman or as a real estate businessman, he did not establish that he was a real estate professional.

I'm not really sure how this aspect works as I assumed creditors worked directly with the non-performing debtors to attempt to establish a new obligation to get the debtor reperforming.