But wanted to say that I highly recommend checking out REIA for Oh and/or Cincinnati and Dayton.

They market and sell the lead to an end user. 

In fact the demand is stronger than I've ever seen it, though prices are high.

Ask your PM how to come up with some strategic incentives...possibly listing high and reducing every 7-10 days until it's rented, offer a move in special, a gift card, future rent credit, etc. 4.

The main issue I have is contemplating the baloon payment at the end of the 2nd year and refinancing the remainder with a bank...how can I compute that into calculating the IRR?

During this time, I found myself unemployed and having difficulty finding a new job due to not completing my degree or having formal training beyond high school or military.

Say you position in great locations where the experience is highly sought and highly valued with limited offerings.

You have to disclose all of this when you sell, so you will end up paying your plumber or discounting to your buyer.

Is it possible that at times you lose money (such as soft costs - paying for property inspections for example and the deal ends of falling through)?

Highly recommend.