It is a great place to really network and find folks you need for your team - professionals and jv partners - I want to address the last bit as I work for a loan brokering company.

  #3 - Most tenants live paycheck by paycheck,  trust me most of them will not have the funds to pay earlier for the discount.#4 - in another posting you mentioned that it was to be 1/2 way thorough the month and you can remove them. 

The cash flow without appreciation markets (i.e. the Midwest markets) have a hard time scaling with inflation, is too small cash flow to make a significant impact to CA investors, can be a pain in the butt (building trusted team, potentially poor tenants, potential hidden cap expenses, potential Mother nature issues, etc.).What is good cash flow after all expenses in the Midwest after accounting for all costs including cap expenses? 

The key is working with a trusted turn key company that has a long, successful track record.

I would not trust HD to handle any actual carpentry work, only simple appliance installations.

Also, none of the prices or descriptions (addresses) show up in market place ads.

You will need to trust, give up control, have faith and get down to the work your mentor puts on your table.

The homeowners trust Redfin, Zillow, and all those sites.  

Then they put their cash into the LLC and the LLC makes a loan with a promissory note and deed of trust (or mortgage). 

When i am uncertain about a new property and the rents it will fetch, i put out a craigslist ad with the address and whatever pictures i can get my hands on and market it for the rents i want. you should know by the response in a couple of days if the rent is too high or low.