We’re only 5 years away from payoff, and an $1,165 projected cash flow (not counting rent increases).

  :)   I recommend you increase your network to be 50% more experienced than you in the local market.   

But then the recapture would increase my basis, which would decrease the STCG profit at that point, correct?  

Sure, it doesn't increase my equity share on the back end, and I am actually doing the work for the 10%, but it is a higher percentage "profit" than my partners.

Risk is they refuse to comply with rent increases etc. placing them in control of your community.

It is getting increasingly competitive as more investors come in from NYC and overseas, but there are still great deals to be found. 

Landlords are increasingly doing this though I don't do it as in not a common practice for the rentals I own.First the legality and the process.

We haven't even done our first deal yet (unless you count our primary residence which we're also thinking differently about at this point, thinking about potential value add's and potentially renting it out if we could find something else where the numbers make sense) but we're already hooked.I am a professional delivery driver for a fairly large company and for the last month during work I've been burning through the BP podcasts at a very rapid rate. 

Properties close to Lidl, Aldi, Morrisons and Asda have typically increased by 15% in value over the past four years, Lloyds Bank said.Sure this is in the UK, but it should have the same affects here. 

Here are things I also consider in my model (but I'm also an excel guru and work in investment management firm so i'm good with number crunching):estimated annual appreciation of (but you can bypass this if you assume that increase in your rent offsets all the expense increases):1. assets2. rents3.