Hi all, sounds like there's a nice motivated group here!

He also recommends bringing in specialists if he sees something that may be a concern but is outside his area of expertise.I do not know your level of experience but often when you read a home inspection report they make the property sound like the place is a piece of s**t but most of the items a decent handyman can take care of in a couple of days for a few hundred dollars. 

It IS definitely illegal to tell tenants that we won't accept vouchers, and it sounds like the PM did do that. 

It sounds like you have a solid plan in place.

It sounds like your mindset is focused on minimums instead of maximums. $5K is good for an emergency savings account in case the transmission goes out on your car.

So based on your original post it sounds like you have an LLC but have not closed on the property yet.

It sound s bit like a scam to me, especially if they are willing to fund at that high of a percent. 

Sounds like constructive fraud, but you probably need a legal pro to help you.If it were me, I would double check the lease and the application and look for a clause that says something like "applicant / tenant affirms that the information provided is accurate and true". 

Anyways, I’m looking for someone to tell me if my strategy is flawed, sound or could be done better.....I am 30 years old, family of 5, six figure income living in a very affluent Southern California city where six figures doesn’t go far.

Also, it sounds as though the agreement might be illegal and their intent is to broker the house.