I think what they are looking for are those that are using an LLC they made up out of thin air.

I am comfortable putting about 15% percent down for the properties I'm looking at and "can" put down 20% but will need to be stretched pretty thin.

The sofa beds look like they have very thin mattresses and do not look like they would be comfortable.

The initial area I will focus on is in NE FL and has the following: - Population: 81K - Median HH Income: $109K - Median Age: 45 - # of HH's: 32,958 I'd like to keep my area smaller in the beginning so I can better controll marketing expenses, while avoiding spreading them too thin. 

I couldn't answer exactly for if $10k is too thin, it depends on your finances but it could be possible depending on how you negotiate a deal.

.$340/month per unit without reflecting those additional expenses is thin.  

Hey Allen,A lot of great opportunities in and around the Birmingham market, and really it becomes identifying the right neighborhoods and pockets of communities.The margins can also be pretty thin.

You shouldn't pull them out of thin air.Look at a variety of websites marketing rentals: zillow.com, realtor.com, apartments.com, etc.

Outside of their investor margins being a little thin, does anyone have any feedback they provide from personal experience or research they performed on Ashcroft?

I noticed that the walls are somewhat thin and when I'm sitting in one of the units I can hear some noises from the other unit.