Another good read is The Wall Street Journal's Book on Real Estate Investing by David Crook.  

We would have 3, 4, then 5 debt-free houses renting for $800-$1000 a month, but my partner and I would be doing quick rehab jobs for others and picking up scrap metal on trash night to pay for our personal needs (groceries, cell phone).Sacrificing to Build a Foundation of WealthSounds like it sucks, right?

Large  multifamily 30+ tends to have lower ROI than the 12-20 units from what I've seen.Things To Consider (Multi Family)Income: Gross Income, Laundry, Storage, Garage, Signs, Solar Panels, Cell Phone Antenna, Expenses: Common area utilities, Heat, Sewer, Water, Insurance, Landscaping/Snow Removal, Pest Control, Professional Fees (Accountant, Eviction Attorney), Repairs, Maintanance, CapEx (Reserves for Boiler, Roof, Etc.)

Thanks all for the feedback.After 5 years, the rate fixes again for another 5 years based on Wall Street Journal Prime + 3 %.

Don't forget to track and deduct your mileage (including trips to your remodel store of choice, assuming you own a car that you use(d) to conduct business with), deduct a portion of your cell phone (assuming you conduct business on your phone) and deduct a home office expense (assuming you conduct your property management out of a room in your house) and consult a tax accountant to see what other tax write offs you should be able to have.

biggest turn off was " NO DISHWASHER" to prospective tenants,, Second was single bowl sinks,, the studio's had that and it was like a dirty dish "HOLDING CELL"

Well I was a bit apprehensive about getting before shots in here because they weren't that great and were done on an old film camera, but here are a few I managed to "scan" using my cell phone:Above Left: the vacant lot behind the garage was a total jungle, the rear wall of the garage and roof was collapsing. 

Something that helped the past 2 months was the intention journal from BP it keeps me accountable for creating a schedule and hitting my goals (even small ones).

The CAN-SPAM Act makes it illegal for businesses to send unwanted text messages to cell phone numbers and requires that any commercial message be easily identifiable by the receiver as an advertisement.

I see this all the time.Instead of putting those brain-cells to work on actual better ways to get motivated sellers, people come up with the most creative ways to NOT do it right.I truly do not get it.