Whether I'm right in that and to what degree, I can't say as someone on the outside looking in.  

Originally posted by @Ellie Narie:Let's say a friend is willing to sell you a fourplex for 80% of its value.

I will say a huge mistake many investors make is piercing their own corporate veil.

Originally posted by @Nathan Asher Robson:How much does, say, a 100k rental property generate in cashflow every month?

You are assuming a lot about me, and for good reason but i want to say a few things.

I will go out on a limb and say a dog such as he mentioned that craps all over the house is not a highly trained "Service Animal" and he was mistaken about it's official status.

Quick example showing 10% reserve:A - Cheap rental, $500 rent per month, $50 per month for CapEx.B - Expensive rental, $5,000 rent per month, $500 per month for CapEx.Lets say a water heater goes out and needs to be replaced. 

Say a motel gets $100 per night, but right now only rents 2 or 3 nights per week.

I hear about how kids these days...even some friends...have hundreds of thousands of dollars of debt when they graduate.I would say a college degree is worth it, assuming that there is a good return in your field and you aren't saddled with a massive handicap (for lack of a better term) before even making your first dollar.Personally, I was a dope in HS and was practically laughed at applying to any college, including local state schools.

Just to clarify, when you say a property "nets $XXX," what does that mean?