Currently reading as many relevant postings as I can to be informed. 

With cash flow as my objective I'm not sure this advice is relevant/ important.

So I'd take a much closer look at that if the charge is anything relevant to your screening requirements. 

For those of you investing in 2-4 unit properties...do you weigh one financial measure differently...or do you just look a basic ROI...or CoC...do you find IRR or MIRR relevant?

In general, yes they are capitalized and amortized, but below is a link to the relevant section on the IRS website.

I have my first property under contract in Ohio, the lease I have used in the past (from IL.) is not state relevant. 

I'm hoping that at the very least, my one marketable skill (flying) will add some value to his endeavors as well to compensate for my complete lack of relevant experience in this realm.It's ironic I have a friend with a couple of wood-based businesses in Monmouth who was interested in timberland investing like Jay describes on his show.  

*We need much more than a title or closing Attorney... we need someone who works in the area of creative financing, seller provided financing, real estate investor contracts outside standard Realtor forms, compliance with relevant regulations, Buyer forfeiture, eviction, foreclosure, and the related issues.  

Here is the link to the statue, and the relevant part of the text is below....540-A:6 Procedure. – I.

If YOU don't pay it, it's not relevant to your taxes at all.