The problem in analyzing is we have no idea what Thomas' personal FICO/credit history, assets, vesting type etc.. 

I also have a credit score of 756.

He would also not need any private money lenders to close these transactions -- his bank would be dying to give him a commercial line of credit. 

We also have a PLAN to improve the properties, thus increasing rents and improving cashflow.So, it's important to have a pretty good PLAN about what your goals are!

.- Financing options: In some European countries, investors also turn to private lenders or lines of credit to expand their portfolio.To scale a portfolio in Europe, a common strategy is to reinvest rental income and refinance properties as their value increases over time.

Our only debts are a 2.875% mortgage with a balance of $124k only paying $897/month on an appraised value of $325k, daily driver car of $370/month, and use a credit card for monthly expenses, but pay the balance off with every pay check.

They can choose to leave and you can both sign an agreement to terminate the tenancy, or, you are going to file for eviction and it will probably wreck their credit. 

Then a draw for mechanicals, then drywall/paint,and so forth.I have found that uploading pictures to a shared dropbox folder, with frequent status reports eases everyone's minds .I have used my credit accounts in the past and been stuck with the bill.

This typically results in improved cash flow with time.  

We often give owners advice before the turnover letting them know that if we turned over the tenant, how we could improve the property, at what cost, and what the rents would improve to.