go to the RIG meetings that are weekly  all the players are there. 

For those who had strict parents, domineering bosses or harsh teachers, discipline evokes those memories of restriction and control rather than enablement.

Understand the difference between a note and mortgage, the process, the players.

This would enable you to access an owner-occupied loan with a lower down payment. 

I can see the scenario if you do have a lot of vacancy there will be rental price compression or rent wars between the bigger players..

The advantage I'm trying to put together by doing this is to force the price of the property a bit lower by bringing cash, then in the refi process hopefully have the property appraised at a higher value than I purchased it for, thereby enabling me to avoid having to put down 25% and tying up the money.  

This enabled me to buy the property with cash, allowed for at 10k of repairs, and make sure all my normal bills would still get paid.  

Obviously players at your scale are in a different boat than many on BP, but when I see people posting about how they want to pull money out of their IRAs and 401(k)s to invest it in their real estate plans, I do worry for them.My real estate goals are modest, and easily achievable using the approach I am using, while managing for risk.  

All borrowed at 0% and enabling all sorts of 'investments' and unprofitable companies to exist. 

The STR cabin performed 2x our projections and the local bank re-appraised our property enabling us to leverage a Heloc to build a 2nd cabin on the property.