When I started out (in 2007), I had the goal of owning 100 apartments generating $100 per month which would put me at $120K positive cash flow (double what I was earning at the time).  4 years and 31 apartments later, I realized my plan would take too long to achieve and i had to get out of my JOB.  

 - this takes care of DTI issues.Maybe Tyler G gets his feet wet in the world of landlording by being property manager, so Tyler's mom doesn't have to do squat but cash a check each month, because Tyler's mom was such an amazing mother that she's earned an easy paycheck each month (ya know, that whole "18 years" thing).This was actually a pretty easy mortgage problem to solve, by BP member standards.

If your numbers are excellent during peak, they should carry you through the drought. 

If they didnt earn a big commision from you being there buyer there is a good chance they will careless.  

I earned a MBA from Wharton in Real Estate in 2015 and earned a Professional Engineering license in Civil Engineering / Construction in 2013.

My understanding is that after buying few properties one's earning to debt ration reaches such that long term conventional financing from bank does not remain the option.

You can also cut your teeth partnering w/experts and earn/learn while you get more familiar w/the markets.  

Also because our tax return is so time consuming he does give us a discount off of his total bill which even with the discount is expensive.In summary I recommend Miles but realize I am claiming up front that he is expensive - I suspect few tax men earn a higher hourly rate.Good luck

Nitin, you can only contribute to the Solo 401k from the earnings of your side business. 

The Dallas market hasn't reached its peak of the cycle but I do know it is closer to the top than the bottom.