Secondly I can borrow up to 80 of the homes value so if I want I can basically take back the portion of the mortgage payment that is applied to my mortgages repayment.

NYC apartments are a unique market compared to most of flyover country.

My plan is to send 500 letters bi-monthly and remarket to my leads every 60 days for a total of 4 times per unique lead over a 6 month period.

Internet forms are pretty generic, they usually conform for a wide usage, then verbage added that is unique to a state.

Then as I said, it's not under similar cultural conditions, society accepting the mentality of the old west, militia mentalities, gang warfare and other issues unique to us in a different wagon.

And, that may be unique to Mo.Part of why I posted the thread, state issues are different, since the inception of these corporate hybirds, each state has had proceedings with various issues and what may have been adopted and precidence may vary state to state.I like to error on the side of caution, if I want my company to be treated with the liability aspects of a corporation, wanting it to walk like one, I like to have it quack like one so it will be seen as one.I'd like to hear some legal minds address these aspects as well as some tax authorities as I know the treatment of the LLC goes beyond a simple declaration in some matters.It is odd, that in Mo. anyway, they mention referring to single member LLCs that they may address such in the plural, in other words to say the "Members of XYZ, LLC" is correct even though there is only one member.Not arguing here, I understand the different points of view and agree with variances.

I like to think of my “Business Plan” as the foundation and that each deal is its own unique situation that you have to build off of your foundation!

Either can bring you wealth over the long haul if structured appropriately, it's just a question of how fast you want (or need) to grow...MF absolutely provides a unique opportunity to scale much faster for the reasons you've already stated above.

As for the rate of vacancies, its hugely dependant on the area and class of properties again, and whether or not you want to deal with government supported tenants (what you call section 8 in the US)- for me, in Japan, its a no-brainer, since they're nothing like yours in the US, but if that's where you plan to invest, you'd better give this some thought - these tenants will fill up your vacancies fast, but come with a whole unique set of issues.Totally with you on the leverage front, wouldn't touch a mortgage with a ten foot pole these days, seen too many smart individuals and savvy companies (and I'm not saying this with cynicism) get very badly burned with assumptions regarding appreciation, depreciation and amortization - to think the GFC is a once in a lifetime event and will never happen again is the biggest (and dumbest) gamble of all, in my perspective.The amount of time you'll spend on each property, again, is a direct factor of the class of properties and areas you invest in, and the quality of your chosen team, in particular your property manager.

I began my investing career when I was in the Air Force (I just got out this past summer), so I understand some of the issues that are unique to military members.