It is really not useful after the first year since it doesn't account for the time value of money(inflation), but your return during a specific year is what you would be concerned with in other investment vehicles so it is the best IMO way to compare what you are really getting for your investment.I also look for a set return.

Neither of them has the resources to pay the mortgage on the home and the taxes on the land while they wait.Is there a vehicle out there - a financial product, an investment strategy, or whatever - that they could use to buy themselves some time?

You can:1) call your accountant to make sure that there is not a better vehicle for your business structure.2) file paperwork yourself (if you can in your state)3) make sure your attorney knows you have an LLC the next time you meet with him.You may find that you get flexible taxing strategies with your new LLC, but you might not be able to file your own evictions on your rentals.

@David SimsWith the proper investment vehicle (such as a Solo 401k or IRA LLC with checkbook control), the investor has a lot of flexibility with regard to how they may want to structure these investments.

Also he has a slew of vehicle related issues under his criminal report. 

I am rehabbing a 15 unit right now and when I first bought it my initial thought was to get everyone out so I could rehab at will and not have to worry about noise, trucks, complaints, vehicles in the way etc. 

The first 2 steps in our process with any client is to (1) first determine the clients goals and objectives for the investment (i.e. additional cash flow, retirement vehicle, wealth building, etc.) and then (2) secondly to explain the market in which we invest - explicitly.I would recommend that you start by defining the goal of your investment before doing anything else.

The book talks about setting up a permanent life insurance policy with the premiums going to the cash value as a vehicle to fund your bank and will grow tax free.

I was wondering if anyone has any experience with the pros/cons of doing it each way.Pros to having mirror hangers:Tenant can transfer between vehicles if need be, which saves us time/money when changing vehiclesI know many companies give them a hanging decal and if not returned at the end of the tenancy or they lose it, the cost is $100 to replace it.  

I get their phone number, work number, vehicle description, and emergency contact.