We can pay the contract early and get access to title earlier if we want- Property is in a very desirable area of town and I'm not worried about it getting rented. - My wife and I have very good jobs and I have no doubt we will always pay our dues to the seller, even if the property doesn't rent for 3 years- The seller (an LLC) has done multiple Contract for Deeds and has their process down.

This area used to not be desirable at all.

@Millie Leung have you tried clicking on the “Build My Team” tab on here and the “Find a PM” in your desired location, reading the reviews, and then contacting them?

However, both are great homes in desirable parts of town.

This is one reason I always advocate commercial loans (where the loan officer has a little more say and flexibility) and using the same bank as much as possible, so your relationship can give sway when less desirable situations arrive.

It can be a great strategy especially if you are in a desirable area (which it sounds like you are).

Assuming an average 8% CoC return and factoring in none of the backend, if I invested a total of $5MM into several syndications (assuming some of the windfall went to taxes), we would yield $400,000 annually.Depending on your current and future desired lifestyle you could continue to live modestly, and reinvest a large portion of the dividends earned. 

This investigation is critical to assess whether the investment is economically feasible and will generate the desired revenue.

The biggest thing I'm noticing with this listing is the desirability of the neighborhood is extremely low.

I am not against paying for coaching but I believe it is most likely to pay dividends if 1) you know exactly what aspect of RE you desire to pursue and can find a mentor that is a very good fit for the RE you want to pursue.  2) you are very motivated.