The play emphasizes equity a little more than cash flow.I live in Mequon and we invest in the suburbs; so obviously I believe in the advanatages, but with higher price points, a noticable smaller tenant pool and therefore more time to fill compared to Milwaukee, it comes with its disadvantages as well.

This is very inspiring.I love how you detailed the steps you took and emphasized how the specialized knowledge you had coupled with implementation delivered such great success.I also really like how you created an incentive for the real estate broker and the result was beneficial for all.Additionally, the point you made about knowing your markets rents, both section 8 and market, I’m finding is key.

Be clear on what you're signing up for here.Definitely, re-emphasizing Spencer's point that you should split the cash flow after paying the debt.

Barry's answer is the best one and he wrote it better than I would.One aspect he said that I want to emphasize more (and I am phrasing this in layman's terms) is YOU DON'T HAVE TO DO THIS DEAL ALONE.

The theory is that the huge number, which has happened over a LONG period of time, emphasizes his LONG term approach to investing.BRK A Shares - https://finance.yahoo.com/quote/BRK-A?

(EDIT: I want to emphasize that I don't think this is a good thing to do as a habit or to be sneaky.

I want to emphasize the get started part.

@Steve Balinski - Completely understand your frustration, but I want to emphasize that your first deal doesn't have to be perfect. 

Instead we are emphasizing our 360 degree virtual tours and ensuring ALL questions about the neighborhood, unit and building are answered so any prospective renter will have a high level of confidence of applying and wanting to lease before seeing it in person.On a separate, but related note, we have already seen inquiries across our portfolio from renters that are asking for concessions, issuing notices to vacate or sharing stories of job loss and anticipated difficulty for paying rent.

With both of those situations lingering the larger servicers who have a large chunk of securitized loans will have some 'massive' and I emphasize "massive" cash problems.