This has so far worked for the past 3 years exceptionally well.I now work overseas with frequent trips to the US.

Bad tenants are frequently the reason someone is selling a place.

First: How many have you sent out and how frequently? 

Always negotiate, rinse, repeat.

Just 4-5 people who you know are truly interested and buying frequently with cash.

These small notes are very appealing because most of them will double in  a little over 5 years and then you can purchase another one and rinse and repeat. 

After such repeated "I hear I must own in an LLC" talk, I'm going to start a thread, for that purpose. $1-2M of liability is relatively cheap.

It remains to be seen if lender's memories are short and they repeat the mistake, but I doubt they will...they still have remnants of the crash on their books as a reminder.I see a calming cycle but not a calamity.

.), this is repeated every 2 years until 10 properties are aqcuiredResults:Scenario #1 ending value - $710,164Scenario #2 ending value - $920,444.04 (savings + equity)Scenario #3 ending value - $6,427,168 (savings + equity)These values were quite shocking to me and the people I have shown it too!

I am currently looking for my first rental property as well, and while I understand the idea of saving on the numbers by not including property management now, I have heard repeatedly that it is always a good idea to add that in early so later on down the road you can eventually remove yourself from the equation once your business expands.