There are a million nuances and subcomponents to break down into a much more granular level, but the fundamental principles remain the same.  

ahah@Deangelo Washington My favorite principle is called OPM, which stands for Other People's Money and is the key to scale quickly.

They think that by removing long term renters from homes and reducing housing stock it has significantly affected the rents and caused homelessness.I believe in free market principles. 

Principles of real estate syndication by freshmanIt’s a whole new business by trowbridge

Keep in mind you will ALSO be paying principle in each payment...

If they bought the loan it would be the same principle and interest amount. 

I've found that expenses on SFRs tend to run in the 40%-60% range over the long term, that includes taxes and insurance but not principle and interest payments.

Although the principles are the same, I get the feeling prices are a lot different up here (SFD being sold for an average of $700,000), if anyone has any tips/tricks on how to get my feet wet in expensive markets, with the long term goal of earning 10K/month in cash flow I would very much love to hear it!

This would allow me to throw a large chunk of cash at the principle in turn decreasing monthly payments, reducing the amount of interest paid, and ultimately allowing the property to have better cash flow margins as a rental.

Yes, I realized shortly after posting that I made a silly mistake in calculating the principle as a saving when even if I was to keep the property financed I would be capturing that principle through rent.