Perhaps not enough to obscure the picture.Q1: Is it correct to do an IRR estimation and compare it to the stock market performance?

I am assuming you have some kind of umbrella insurance to cover your liabilities currently, if not, I would also recommend a third trip to the insurance agent.

Third, although not really important, we're able in all cases to lower our interest rates by moving to commercial paper (from 4.25% to 4% for one group of properties, from 5.375% to 4.375% for another group). 

Total monthly income after expenses and reserves is about $450, or $75 a door.4 performing notes - remaining balance $$185k, purchase price $129k.

yeah, that's the problem with the rentals... they suck a lot of initial capital and takes awhile to recoup what you put in. in addition, takes a lot of personal sacrifice to save up the capital for the second and third one. that's why the first year we bought 2. both took 4 months to complete each. this year i purchased 8 and renovated 6 so far (some turnovers too). best i can tell you is find cheap deals. every dollar you save in the beginning is a dollar you can put in the business. set a goal and dont get discouraged. even if you end up with just one, it's one more than 96% of the population (guessing)

Why cant I create my own note for my LLC ,season it, then sell it as a performing note?

Perform half of the repair in 2015 and half in 2016?

So my question is, is this 100k lower limit a constant limit or is it my limit because I am investing/third home mortgaged? 

Additionally if you read in the Carrier HVAC warranty it talks about systems being installed in rental properties and the warranty Not being transferable.If you are a professional landlord, then you are performing the regular recommended HVAC and Heat system maintenance items. 

We meet on the third Tuesday each month at 6:00 at the El Camino Country Club in Oceanside.