Most conventional loans take 30-45 days, because of bureaucracy and legislated steps, see if they can move faster if you submit your docs ahead of time and just give them your current pay stubs when you are ready. 

Hey Adam- your proposed strategy is exactly how I've built my portfolio.

I think interviewing them both is a great idea, my pm is putting together a proposal for us to look at his strategy to sell.

I am currently weighing the potential decisions on how to move forward against each other: 1)Accept the $50 less than posted and place a tenant that met all screening criteria.2)put the home back on the market for the listing price and risk vacancy.3) propose that we agree on a rent in between, which would be $25 less than the original listing price. 

But to propose to a management company, who you don't know and they don't know you, that they make a financial investment in your first deal and get an equity stake just seem beneficial to either side. 

@Chris Jensen Well, here is the proposal he has come up with. 

So I ran the numbers on the place we are renting through the Rehab 70% rule and BRRRR calculators (using my free trials) and every which way I sliced it, I would have to propose that the Owners sell it to us barely more than what I believe they bought it for in the mid-2000s.

I do realize using historical returns to predict future returns has some risk but you are not proposing placing a large amount into an investment all at once. 

What is the time frame in the proposal ?

She sent the proposed lease over, and I'm a bit concerned, but don't know if I should be.Attached lease:https://imgur.com/a/ja9G9mK-Is the ROFR a pretty common thing in leases?