i am trying to learn from all of your here, and model my actions after your trial and errors.allcash, i appreciate the logic involved in your approach, but i feel that the time it would take me to even pay off my smallest loan would be at least 3 years.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.PM us if you’d like to discuss this logical approach in greater detail!

We are not members of the 'Tea Party' so it's difficult to understand their logic,

The only logical thing I can think of is if the title company's fees weren't included in the estimates you were given, even then though 4k would still be significant for a title company to charge unless it was a very large loan.

Unfortunately they drive the prices up to a point where sound, logical cashflow investors like yourself have no shot.

The in-laws want simplicity since they have no interest in managing the unit.From what I understand, it seems logical for them to handle the required taxes (TAT & GET) and compensate me via a 1099 form.

Simultaneously, although I underwrite for long-term and that is the fall back, I generally do not have plans to keep long-term because I'm trying to grow differently than you are.Here are a few real examples and I will try to explain the logic.

This is obviously very costly and cumbersome for a property manager and Logical Property Management will not do it.

Do what you understand, what seems logical, and having construction knowledge is a massive advantage in my opinion. 

You would make $50K-$100K wholesale deals like we are doing.People hear what they want to hear.You answer logic and common sense, they won't have it.