That same triplex, literally, same structure, transplanted into a Denver neighborhood might command $1350 per unit - per the model above.

Marshall,There literally thousands of post on BP discussing, debating and even out right arguing the pros and cons of using the 50% rule.

So it's more of a trade-off that you'll probably make less but you get to be much more passive (literally you just wire money) vs getting your hands dirty in sourcing, funding, and maintaining 10 SFH.

So in an Attorney state the Attorneys simply are not able to provide anywhere near these services and in many areas the records are still in the 1700 s  literally you have to go to court house to pull docs.. 

I've recently come to the conclusion that mold is the one of the biggest hustles in the inspection/home reno business b/c I see "mold remediation experts" charging tens of thousands of dollars to remove "mold" that isn't harmful to 97% of the population...but I realize that is an unpopular view.Anyways, about to close on a house that has a musty smell to the basement and likely some mold down there, so I'd be curious how you treat your properties with that issue - after buying them for a steal ;)

They literally handed me the key and told me to go take a look.

Welcome aboard.I have practically the same amount of money (a few thousand more), and while my long term play isn't going to be small residential units, the O/O play is so brilliant you have to do it. 

There were days when, quite literally, I would pull into the parking lot in the morning and then spend 20 minutes crying because I couldn't manage to see how that day was going to be any better than any day prior.  

A hand dug well wont supply thousands of gallons , the recovery rate is too slow.  

I was thinking the same...particularly in that area where a couple blocks could be the difference of hundreds of thousands of dollars.