There has to be an easier way to capture everything. 

The just wanted to capture the gains, or were just purely burnout landlords?

@Tj M.Spend 100000 on 5 properties putting 20000 down on each 100000 property - 80000 debt - 20000 equity - rents 1000 /mo - 6% loan to bank 360 mo - 479.64 PI - 150 taxes - 100 insurance = 729.64 exp resulting in 270.36 mo cash flow x 12 = 3244.32 income year / 20000 down - 16.22 rate of return on your 20k investment and you have 80000 left to go do 4 more investments of 20000 each so 3244.32 x 5 (houses total) = 16221.60 total income a year on 100000 investment plus you get depreciation and appreciation on 5 properties Spend 100000 on 1 property putting 100000 down (no debt)100000 invested in 100000 property no debt - 1000 rents - 150 taxes -100 insurance = 750 month cash flow x 12 = 9000 income year / 100000 investment in your no debt ( no leverage) investment = 9% return on your investment annually In each example you spent 100000 - you can’t tell me that dead equity in a property makes more money than smart leveraged property - this example did not account for the deductibility of mortgage interest which could be another bonus Also let’s assume there is 5 % appreciation in one year In example one, that’s an extra 5000 equity you gain, in example 2, it’s 25000The last way to make money in real estate is called equity capture - let’s say you were able to negotiate the property on purchase for 5000 less than market value - you “capture” that equity - this could also be an increased value because you slightly repaired the property - if you did this on 5 properties instead of one, it’s another 25000 in equity captureI could have this debate all day - equity sitting in a house is only making you money in one of the 5 ways to make money in real estate - appreciation Here are the 5 ways to make money in real estate ...AppreciationCash flowEquity captureTax advantages - 1031 exchange & depreciation Principle pay down - by tenant

@Sebastian Mau Yeah, what most investors agree is Class A captures a lot of the features that we look for. 

The understanding of both the buyer and the seller need to be the same.2) In simple technical terms, as Ned Carey said, a contract needs:A) An offer (in purchasing real estate it is an offer to purchase, or an offer to sell); B) Acceptance of the offer; and,C) Consideration (each party exchanges something of value - money is exchanged for property and property is exchanged for money).Also - there needs to be a "meeting of the minds" - both parties must have a mutual understanding of, and a mutual agreement to, the terms of the deal.3) A contract is the means by which we capture this understanding and record it in such a way that it can be used to resolve disputes that may arise from the deal.

Look for ways you can use what's currently available on the market to generate higher returns (greater income or lower operating costs) or offset your living expense while capturing market appreciation.

Not interested in Turnkey btw - I'd rather buy pre-renovation (not post-renovation) to capture the equity myself.

He is a chef at the local restaurant.

Why do people buy new construction homes to live in from the builder.. when in fact if they really knew what they were doing they would buy a lot and build themselves and capture that equity.. well we all know that its much easier said than done and 90% of the buyers have no ability to go find a lot pay cash for it as required by the lender and then hire and run a GC.. so they buy new homes from the builder / developer.. and depending on market cycle  builder developer can make some big money or they can break even or in a down turn lose their butts..

I can get well over a 20% equity capture on a BRRR, but I need much more than $60k and it's not cashflow per se.I'd rather save $1k-$5k per month doing high value tasks myself between naps than shoot for the moon on the risk meter.