So the syndication model is not true?

If you believe she is honest, hard working and her style of communicating fits you- she needs an app to help her with paperwork I suggest yardi or doorloop/ get a contract in writing that you negotiate with every nitty gritty duty- for example: who keeps copies of keys, how often are inspections done and how is the data provided to you, what dollar amount she can front money for repairs, when to call you...

I like DealMachine's new model.

Agreed amigo,Not my style tho mate.I don't reveal crusty dirty laundry hahaUnless it is for the purpose to defend our/my reputation.I have a database full of such folks so maybe when I retire, I'll have some fun with it.By the way, why discriminate against drug addicts?

As I prepare to use an FHA loan for my first multifamily investment, I've become concerned about the extensive repairs that can accompany purchasing an older model.

Financing is easier in this model. 

I've since gotten a quote from Lowes for the Shaker style cabinets in my 7' X 10' kitchen.

It is not based in the US, so some of the language of the templated messages can be a little off, but I think you should tweak your messages to suit your style and property, regardless of the platform you use.

My model won't make sense until I have the land cost figured out :) thanks in advance BP!

Work with the local experts- talk with local zoning officials, engage architects, and reach out to contractors to understand the cost and feasibility of your project.Run your numbers- do some forecasting and layout some financial models to project costs, revenues, and returns.Make sure you are utilizing your team- aforementioned real estate broker, financial advisor/ CPA, and lawyer and others as you go.Best wishes and good luck.