So someone anyone with experience please guide me and list any critical mistakes you learned to avoid.

This is obviously WAY over the 4 property limit used by most lenders.

Your credit history, credit score, dscr, debt to income ratio, possible experience (depending on the investment), and the financials on the investment including, but not limited to, gross income, loss due to vacancy, all operating expenses, capital expenses, net operating income, debt service, and cash flow.

As used herein, the term "Affiliate" means any person or entity in any way whatsoeverrelated to Borrower whether through family relationships or business dealings including without limitation,partnerships, joint ventures and corporate ownership and/or management.

I have not kept up with recent changes, so I don't know if these limitations are still in place.Now, for your question.

Be critical of what you hear.

In 2005, I (and everyone else that was predicting that the real estate bubble would burst) was constantly criticized as a doom and gloomer.

- When times were good, people thought the sky was the limit and bought properties blind.

I have a 25 lb. limit. for all properties.

That's BS and is more slander than criticism.