Kitchen appliances, water heater and furnace at half life.  

Additionally, the podcasts provide real life examples of how people got started, which can help you to form your own strategy of how you would like to get started.Best of luck!

So how much life is left on your roof, water heater, furnace, decks, garage door, sidewalk, driveway and then take the years left and divide by the cost it takes to fix it.

For all others- if you are a genuinely distressed seller in need of help- if you can't afford your house, you're behind on payments / taxes; uninsured; or you're a burnt out landlord with tenant / eviction issues; facing job re-location, divorce, or life has otherwise happened to you-- maybe you took advice from how to invest in real estate from some message board, and now you've got a dog or dogs you need to unload?

After the value component is done, I assume a 2% rent growth and 2% expense growth for life of the deal.

In my corporate life I managed a division that provided short sale fulfillment to the large mortgage companies. 

A charging lien in this legal definition is a claim on any distributions made to the owners of the LLC My wife and one of my LLCs was sued few years ago, one tenants dog bit another so I have real first hand knowledge how this stuff works, and plays out in a real life case.

I would hate being so young and staying in one place my whole life just for a career(I'll be starting as a real estate agent btw).

Don't leave income on the table just because you will be taxed on it.3) Most real estate expenses are deductible in the year you pay them, especially if the benefit is immediate (like a utility payment or property tax).4) Some expenses are prorated through the life of the improvement, such as depreciable buildings and roof repairs.

I have learned in my 40 years of life that the appreciation is greater when it is earned.