That's 1.5 million in assets that generate an income of 15000 dollars per month.I may change my plan at some point to acquire more than one house at a time.

And always use a professional property management company to protect your cash-flow assets!

Married couples who divorce can more easily have a judge order who is responsible for what debt, who retains interest in each asset, etc., and a spouse is usually protected with property titled as tenants by the entirety or JTWROS, where if it's a partnership w/ tenants in common, a break-up could mean your ex-partner sells their share to their brother or stranger or forces a sale to get their money back out.

Also, since real estate really is a numbers game, your math and analytical ability will really help.Don't worry about not being a handyman - let someone else do the $10/hour stuff while you use your greatest asset - your mind.

You need credit, income, knowledge/experience, collateral and assets to be considered for financing in RE, if you lack in one area, you need to compensate in another area, but the ability to repay and collareal can't be completly overcome with other aspects.

(Probably not an issue unless there is some violation) Don't put a NOO residential 1-4 rental in a commercial loan line of thought, the Act is clear about that, it is not a commercial loan.You mentioned a Trust, in such a case I really suggest you pay attention to the marketablity issues as Trustees/Administrators don't like notes (I know, but I have one using par as the value, some don't) as a Trust is required to give an accounting of the assets in Trust at the market value annually.

For example.....25% down = $12,500[u]Then what sort of cash reserves/assets would a bank want to see in order to secure this loan?

You said something that lets me know that you realize that your tenants are your assets.

Obviously, I want the best tax advantages possible and best asset protection.

I think since I am trading that money for an asset that it will be taxed...