Some tenants won't use it, so some deposit straight to my account.  

So theres decent equity, but it’d need about 20-30k in rehab.I really want to hear all your opinions on this transaction.Give it to me straight up, am I being stupid by doing this deal and risking it all, or is this something I can profit from without too much headaches..Money (3k) is already in escrow with an addendum that if foreclosure filings has begun it’s refundable. 

"There is an obvious advantage to buying on your own vs buying straight from a turnkey if the properties are overvalued."

I very much wish you well in your journey, but I would hate to see you jump straight to the NFL. 

Get your facts straight for once dude!

About BRRRR in Columbus - I'll be straight with you.

I was talking about multifamily closer to 10+ units like you said than just 5 units, so there might have been some miscommunication there.I appreciate and respect you, just wanted to make sure the facts were straight.

Preferred returns would even be acceptable but not a straight interest rate play if the lender understands the structure. 

Let me get this straight.

The agent says that conservatively I could bump it up to $1600-1800, with it being at $1400 would you say I should try to increase it to $1500 for next year and steadily increase it from there or make the bigger jump straight to $1600+ and risk losing the tenant?