Similarly each unit key can open the common external door when present.Lay out what you want to achieve - now and as you grow - in a spreadsheet or document and pay a visit to a locksmith to help you fill in the details and to rekey your buildings.  

Lots of luck in achieving your goals, I'm sure we'll see you around the forums a lot!

If your properties are generating 10% cash-on-cash returns, then you should expect to have invested about $192,000 to achieve that level of cash flow (10% of $192,000 is $19,200).

My Goal is to buy 5 properties and have them paid off in 30 years (Very mediocre but easily achievable for me).

Well, it is usually not the Seller, who has a minimal number in order to sell and it is not the Buyer who has a maximum number in order to achieve return.

. ~$100K yearly is an achievable target for the combination of positions based on our research.

Perhaps you want to flip - then buy and hold , then flip a new one and buy and hold again - really it all depends on what you are trying to achieve.

The response rate you achieved is impressive.

Do the units have in suite laundry,off street parking,dedicated parking space for each tenant,separate storage units,lake or skyline views,clubhouse,pool,workout room,concierge service,utilities included etc.You have to make sure the landlord is not giving rent credits for first month or waiving security deposits which will lower your actually monthly rent numbers.Rents could be fixing to drop for the area and the tenants lease terms are fixing to end.Then after you buy they come to you wanting lower rent or they leave.When foreclosures or short sales happen around the area the new owners that buy for cash or a loan loan amount after down payment can achieve the same or better cash flow with the lower basis.This results in them leasing for below market to retain tenants or fill up fast and puts downward pressure on average rents for the area.

Managing the properties myself was always a "defensive" position that protected my bottom line and allowed me to achieve rapid growth with control.