Because I have no compunctions in saying my wife is very much a Beta, far too good for me, and I am keenly aware that I am the definition of a Marginal Bob in many, many ways.

Rents are secure in multi unit blue collar and for me following the last dip in 2008 I still raised rents annually.

I vaguely remember reading that now, but I appreciate you confirming it for me

Most important being if you ever have to take out the rentals form S- corp, there will be a taxable event. 

I have a finance degree and I'd say that has been beneficial for me although I don't work in the field. 

So for me lack of prior ownership didn't really make a difference, although I would love to have the flexibility that sitting on an SFH with a lot of equity gives. 

Can anyone tell me what a RCT-101 form is for?

Per the SEC, the category for non-accredited is 506(b) offering under regulation D and you would file a form D with the SEChttps://www.biggerpockets.com/blogs/10191/72197-private-placements-506-b-vs-506-c

That hasn’t been an issue for me because I’m still rehabbing the second apartment so I’m there anyway.

They manage my former primary residence for me and usually are very responsive, I can talk to the owner any time, and they have good control of the statements, payments, insurance, etc.http://www.hrgaustin.com/property-management/Hope this helps!