@Luke J Nelsen looks like a sweet cabin. are you basing your underwriting using 2020-2022 revenue estimates?

But we are building things outside the realm of the standard apartment complex or office building.

Quote from @Brent Sweet: Be honest, express your concern, and ask them if they could come up with provide you with a quick email/text update once a week.I would avoid giving the first month free.

We've gotten exactly one rental through them, and that was a mess because their BillPay system (or whatever they call it) is so complex to use.

Thanks again to the respective contributors, and keep 'em coming:Financing / leverage allows for faster growth.Financing allows for a much larger portfolio (for a given amount of cash), with lower positive cash flow per property but more positive cash flow overall.Having some percentage (say 50%) of properties free and clear (100% equity) can act as a backstop to protect against downturns and other bad situations.Rates are low right now so now is a good time to borrow as much as possible.Starting with cash and then quickly moving to borrowing can reduce the complexities when first starting out and building a team.Using financing leaves more cash on hand to deal with unexpected expenses.A large multi-unit benefits from economies of scale, which supports the argument to leverage existing cash to finance larger cash flow (ROI) as a percentage.One "con" for large multi-units is that the market for multi unit properties should I need to sell is tougher because of limited buyers.Gaining two or more years of proven rental revenue will be considered as good as employment income by smart lenders.This is a valuable list that I think you could almost make a book out of, with each bullet being the topic of a chapter.

But, there are deals that can be very complex that most "investors" here will never bump into, so in some cases, $600 might be a bargin.

My mom worked for the IRS for 30 years and the number one complaint for many years running is about the complexity of the tax system.

If you've elected to have the LLC taxed as an S-corp or C-corp matters are more complex Transferring the property to an LLC, regardless of the type of deed, does violate the due-on-sale clause in your mortgages.

I learned a ton in this course including producing a 65 page feasibility study to construct a 27 unit apartment complex in El Cerrito.

No condo fee to boot.With $40,000+ in cash available, buy the complex, not the condo :)