But I get it, you need to know if it's a go or pass..! 

@Adeel MakdaRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Quote from @Adam Hooper: Go to any attorney and you can get a boilerplate lease.

I just got under contract to do an FHA 203k myself here in Chicago, so if you want to talk about the process, please reach out!

How difficult is it to find tenants that are willing to pay market rent?

We plan to pooling our money for down payment & closing costs.

Though, my main goal is to be break-even or close to it in cash flow once a property manager steps in to take over. 

I'm reaching out to BP to get good in depth answers about how powerful the loan truly is as I have tried to find podcasts/books and can't find any good ones.

I'm from Baltimore as well and looking to acquire my first property.

Ditto to all of the above.  85% is very doable with a strong credit score, strong dscr, but yes, the rate is going to be higher because of the higher leverage.