So we've finally decided to purchase together in a different LLC and distribute them equally at checkpoints or intervals i.e. at 50 properties distribute 25 each.

Rent $650/room with an option to furnish.Utilities will be split equally by all roommates.

FEES UPON TERMINATION: At the time this agreement ends, Owner must pay Broker:A. all amounts due Broker under this agreement; andB. if the Property is leased to a tenant on the date this agreement ends and Owner terminates thisagreement, an amount equal to the lesser of:(a) the management fees that would accrue over the remainder of the term of the lease; or(b) $ .If more than one property or unit is made part of and subject to this agreement, this paragraph applies onlyto those properties or units then leased and applies to each property or unit separately.Other issues I have with this property manager is that I was charged 14.286% extra management fee than what was in the agreement for all my properties.

Off-market does not equal good, and wholesalers won't bring you dramatically better deals than what you can find on your own.

If you don't know what that means, the NOI must exceed the annual debt service by 25%.If this is your first property, you will either need enough liquidity to equal the loan amount for a lender to aprove you, or will need to partner with someone that does.

Doing an all in cash offer will almost always guarantee that when all else equal, you will get to buy the house, or even get a lower price.

So one of the neighbors combined a the 2BR/1ba apartment, with the 1BR/1Ba illegal apartment, converting it into a 3BR/2Ba with a large kitchen, collecting rent equal to 2 separate apartments.In my case, I converted the illegal apartment into an office, with it's own bathroom, kept most of the kitchen calling it an entertainment bar and it was approved that way.

There is no "difficulty" other than having the appraisal they commission equal what you think it should.Start talking to banks.

Two days after I evicted tenants, the place was vandalized, and my deductible was about equal to the cost of repairs, so it made no sense to file a claim. 

Flipping the one property in 5 months equaled owning over 3 rentals for 12 months.Again, renting is a good slow way to go.