So, in reality, you're going to have to put in 1/4 of certain expenses, like utilities, on the back end of these analyses (Uncle Sam wouldn't like it if you tried to expense all of the utilities to the other 3 units and get your own personal heat and electricity as a tax-deductible expense anyway...).

Investor Llew is accurately describing buy and hold reality.

In reality I try to honor their requests and usually can but we need reasonable access.

The reality though is no matter who they are there is only so much band width to fund deals.. if this guy get 500 students paying him 300 a month ... there is no way he could fund say half of them finding 2 deals a year.. or at least I seriously doubt it.. that would be a huge operation. its all about the 300 a month and not doing anything for most of them.. but enough not to get shut down.. and only creaming the absolute best deals that most newbies with no money or experience simply can't find anyway.

Starting to read on tax implications, the reality of having a property I have to rely on management companies to run, etc.Again, looking forward to learning more and hopefully at some point start contributing to the discussions here as well.

In reality I'm looking for 10 years loan to allign with my investment strategy.Anyone can recomend a good commercial lender in central NJ ? 

@rick @Rick Santasiere I my agent errs more on the side of typical reality deals as she did not have much advice on buy and hold property.

Hardly reality, but can motivate someone to take on more risk when fresh off the Ramsey boat. 

Equity and brick and mortar (rental property) are two separate value generating entities that are considered separately.The reality is that 6.8% on a combination rental property and $145,000 cash is a terrible return on total investment.Cash on cash is only one way to look at investing but if you are happy with $820/month positive cash flow then that is great. 

I chose a 10-year loan to keep the loan % as low as possible and am trying to get the closing fees down because they're absolutely ridiculous (they're computer-generated so they're likely lower in reality but some of the fees are bogus and some is work my RE attorney can provide for cheaper).It sounds like Colony Financial and the credit union I am working with are following the same rules - if you get the 25% down you likely won't have a problem getting a low-interest loan.