If you get this under contract ASAP, have all of your ducks in a row for the lenders (borrower PFS', property financials, etc.) and make a lender selection quickly, I don't see why you couldn't close by the hard date. 

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Management is impossible to select until you have picked and vetted a firm- while it is an operating expense, you're likely going to pay from GOI...so assume closer to 12% NOIYour vacancy is pretty low, but it's all relative here...I would at least set aside 1-2 months gross rent for an unexpected turnoverIf you can insure a 4-unit property for $150/mo. you have an awesome agentAssuming 50% of your income will go to OpEX is pointless.

Selected tenant is now botching payments in month #2 of lease. 

I have written about this topic a lot, because its an often confusing and tiring conversation for most.The facts are easy thought;If you want to be hands on and very involved (i.e. reviewing paperwork, interviewing trades, selecting materials, etc) then you shouldn't hire a GC.

So start building a team while selecting a market to concentrate on.

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For the past 1.5 years I've been working as an Estimator for a "Selective Interior Demolition" Subcontractor to major General Contractors, both local and national.

@Danny Di Can't any flat fee broker just select "For Rent" instead of "For Sale" when they enter it into the MLS?

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