That means they’ll review your credit score, income, how leveraged you are across all your properties, your previous year’s tax returns, and your current-year financial statements to see whether your rental portfolio or business is actually profitable.They’ll also consider your debt-to-income ratio, how much cash reserves you have, and whether the property itself is generating positive cash flow.

Being less of a realtor would be ideal but I do enjoy it  (There are also obstacles with the HELOC and being approved for as much as I want to pull out based on DTI with my business and writeoffs/etc.)Lastly, for context im far from my monthly passive income goal. 

We have 'buy-sell' detailed out in a lot of detail including; right of first refusal, how to calculate selling price, etc.... and 'survivors benefits' detailing if a member's heirs want to stay of or be cashed-out etc...Is seems to me that the time the TIC helps on a member wanting out is in the case of a 1031 Exchange, which HAS to have a 'real property' sale, not an LLC sale, which is shares in a company, not actual real estate.

They do not have a lot of overhead that they need to keep up with on a monthly bases.

Andy - great post. do you know if this applies to fha loans?

I usually start with 75-80% leverage because that is what my bank will allow and once my leverage is down to around 50%property due to improvements or market appreciation and/or loan pay down, I use it as collateral or cash-out refi to buy additional properties or I sell it to buy something bigger because I am focused on growing my business by expanding my portfolio.

Spend time learning how to analyze deals and neighborhoods so when a good property comes up you can move quickly—lenders and partners will take you more seriously if you clearly know your numbers.

Quote from @Ryan Keeslar: Is there a calculator to use to determine what is the best loan to go with? 

When I mailed the one I ended up buying, I also looked into public record of how much they owe on the property. 

Hands-on experience is the best way to learn.