About me, 36 year old independent financial advisor.

I work as an independent sales rep in Denver for multiple companies at any given time and my pay is 100% commission based.

I actually had a great response from realtor already.....especially independents!

If i am partnering with someone 50/50 (buy and hold strategy) and we put both of our names on each mortgage does that mean that we are limited to 10 conventionally financed properties combined as opposed to 20 if we were working independently?  

I am eager to put my credit skills and hard earned money to work in an effort to start building financial independence.

A decent agent who looks out for their seller will always independently verify the ability of the buyer to purchase the property, which means at a minimum looking over their proof of funds, and oftentimes their credit worthiness too.Just FYI, just because a lender has "preapproved" you doesn't mean squat, you've still got two to three weeks left of real vetting to look forward to before you're actually approved.

I'm not sure when a person (Legally) goes from independent contractor to employee.  

CapEx is completely independent of rent ... when the roof goes out, the roofer doesn't first ask you what the place rents for before computing his bid, so you shouldn't calculate it that way (as a percentage of rent) either.

They will want to do an independent appraisal.

The numbers (as provided by the daughter; I have not independently verified anything.)8 apartments, 6 upper and 2 lowerBuilding age 47 years.Building Area SF 8,448.Site .881 acresProperty Taxes $8,442Sewer/water and electric $3,420Gas $3,072Apartment A $700.00B $635.00C $700.00D Available asking $700E $595.00F $620.00G $540.00H $575.00There is a $25 discount if rent is paid by the 1st.Asking price $375,000+++++++++++++++++++++++++++++++++++++++++++++So, assuming everyone pays on time, that brings the net monthly income to $4,865.