The bank actually received the money but was warned fast enough that they locked the account and he got his money back.The lesson learned here is to always independently confirm your wire instructions as many ways as you can.

Congratulations on taking the leap toward financial independence!

There are also other independent 3rd parties that have deep experience reviewing PPMs.

I used to attend the meetups at the Melt in Independence (formerly the Brew House in Middleburg) and the Harry Buffalo in Lakewood.

I mean, think about it, you paid an independent third-party a value that you both agreed on.  

If it was a 30 year loan, I would be looking at making maybe $100/mo after taxes not including the principal paydown.I like the house, it would be a nice place to live when I'm financially independent, so the only saving grace is that it would be paid off in 15 years at the tenants' expense.

Im curious what independent brokers are using for CRMs and what cost you are paying, e&0 insurance costs, what splits you are putting agents on, what you are providing to those agents, and any other jazz that might get overlooked moving from be an agent/broker with a big brokerage to going independent.

Trying to weigh the options as to which one would enable us to get on a faster trajectory towards accumulating cash flowing properties and eventually financial independence within the next decade or so. 

As a licensee, depending on laws in your state, you "hang your license" under an employing or managing broker for at least 2 years, after which you may make application to become an employing (responsible) broker, or an independent, non-employing  broker (some states allow independent status, while others do not). 

Yes there may be some independents who do it cheaper.