The objective would be to learn how to position your property in relation to the competing properties.

He spoke about needing 14 feet for the plenum and furnace along with ducts to be positioned vertically.   

His #1 concern is positive cash flow on day one after all bills are paid. 

But of course that position can only be maintained so far when living next to someone.Any advice is appreciated!

While in 5 years I have built up a passive income stream from over 30 doors now while maintaining the W2 income as "reserves" and allowing me to take bets that I won't feel comfortable with if I were doing this full time.

@Mason FiasconeMason: I agree with the masses - the success of your investment will be predicated on the quality of your property manager and the amount of leverage you put on the property.If multifamily/commercial, run a model to make sure debt service coverage can handle stressed performance, and maintain a reserve.

The PM has limited funds for operations, and if sued, little to lose - you can close it and open another PM LLC.Yes, in a lawsuit, you, the Holding entity and the PM LLC and all might be named, but if properly structured and maintained, a lawyer could easily take you and the Holding LLC out of the lawsuit on the premise that you were not involved.

However, if you stick with it you can have a very positive experience. 

Home Value - $600Heloc LTV - 80% loan amount - $480k1st position morgage - $425kheloc balance - 55kthese terms are negotiable and the appraisal will vary.

I was in a position where I had nothing to show for my efforts in life save a family that I deeply love.