We found them via BiggerPockets, they seem like a good lender.Long term strategy is rentals, but we will probably do a combination of both for quite a while.

Wow, you guys have the PERFECT combination of experience and skills to do WELL in RE investing.

I take this as meaning... the land value, the improvement value is the value of the home, and the total value is the value of the home on the land combined.

Decide what is best for you, and it may be a combination of both...Good Luck and have fun!

In that year 2011 I purchased 60 houses (which was more than the previous 4 years combined) then in 2012 we bought 120 and in 2013 we bought 75, and hopefully we can pull off 100+ this year as well.Hope that helps!

Housing demand has also allowed landlords to demand higher rents.The combination of low rates and higher available rent means it’s possible that part or all of your mortgage payment can be paid for by a renter.

They can also create a conceptual estimate using a combination of subs, assemblies and cost data from RSMeans. www.rsmeansonline.comRSMeans is typically going to be more expensive than your actual costs.

Leveraged as much as is reasonable and profitable at the lower conventional interest rate and terms (vs. portfolio I am assuming here that these "expensive" properties meet the standard "50% and 2%" rules or an acceptable combination thereof.

Both of my parents work as well and make 6k a month combined. 

Since we are relatively new, we plan to purchase a multifamily unit around $1M+ through a combination of a bank loan and personal loans.