Some of these come with a 2/2/5 cap, so no matter what, your rate can only jump 2% per year after year five. and can never exceed 7.375% after seven years.  

How can someone cause you to exceed your own limit?  

Such investments will probably exceed the yield on 15 yr. muni bonds or the market.....Instead of writeoffs, they will take depreciation and carry the asset, just as investors do.

So between the debt burden and the demand exceeding the supply, is now a good time to jump into my first property?

The adjustment cap prevents the loan rate from exceeding the Index plus the Adjustment Cap plus the Margin or in the first reset period 5.25%.  

In hot markets with a lot of investment happening in new construction how do non-cash buyers confront appraisal issues where the land value exceeds a price per square foot value using a sales comparable approach?

I have LOCs with my banks, but my volume can exceed that so private money could allow me to continue to scale.  

Let’s assume your monthly rent is $1500/Month.50% of $1500 = $750/MonthYour total expenses should not exceed 50% of gross rent ($750 in this case per month).Your expenses (not to include your mortgage payments) include: Maintenance Property Tax Insurance Operating Expenses Vacancy Advertising Tenant screening Tenant Damage Legal Fees CPA Costs Business Entity costs Am I forgetting any?

That means if Little Johnny does damage that exceeds his share of the security deposit, then the rest comes out of Big Eddie's share and if that gets used up then all the parents are next in line.Make sure your lease has a 'legal action' clause wherein you will get your legal fees back if you are forced to go to court and you prevail (don't make it that way if they prevail).

My training is different, again not trying to sell you anything, just trying to say that "pigeon-holing" all real estate gurus is not fair.I will tell you that RE investing is hard work, it sure is, and you might work more than 40 hours at it, for a few years, until your passive income exceeds your expenses.