Maybe yes, maybe no.To my main point of having a good competent Financial Planner (who may or may not also be a CPA) that is able to look at the 'Big Picture', I think this is critical IF you want to maximize your returns (who doesn't in most cases?). 

This conversation has gotten complicated, which may actually be helpful, because investing in RE is more nuanced than at first appears.I would say a quick and dirty answer to this question is that most investors are looking for $100 to $200 per month per door.That leaves a ton unsaid to the point of being almost useless information (or even dangerous), but if I were talking to smart investors I know, we'd all have an understanding of the ancillary particulars.Cash flow is critical to many investors because they need the cash, either to pay for their own living expenses or because they can't afford to carry an investment that has negative cash flow.What others here who are not concerned with cash flow (my @ symbol isn't working here on my phone) are saying about profit and IRR is that they look at investing to grow their net worth.

Currently realize that deal-finding is critical...Thanks!

It's a good idea to read up on how to handle tenants, but if you start small, any mistake you make (and you will make some, no matter how well prepared you are) will be less critical than if you bought a 10-unit building right from the start. 2) Nothing is stopping you from buying a small unit and using it as a stepping stone for a larger investment.

Having boots on the ground is critical. 

I want to see how he does it but I feel like adding in that padding for negotiating process is absolutely critical.

PM is one of the most critical issues affecting out of state investors.. and of course you are in one of the top 10 out of state investing cities.

Hope that sheds more light on my comments, opinions and attitudes and that you can see where I'm coming from with any critical remark.

Please don't be critical of my question and I thank you for your feedback.  

Time delay is definitely critical in securing MLS properties.