@CraigIf you have two offers with that high of down payment already you must be living right!

I highly recommend them.  

The credit back helps set me apart from other landlords in the area.

 Hey GUYSOver the years, I’ve worked on creating high-converting funnels for marketing agencies, and one thing I’ve noticed is that the core principles of attracting, nurturing, and converting leads are just as relevant for real estate investors.I’ve been diving into strategies that could help investors streamline their deal flow, attract motivated sellers, and build better relationships with private lenders.

Keep in mind that this comes with high turnover, and (often) students who will beat the hell out of the property!

Some high and lowlights:- I had one tenant that brought German cockroaches in and then blamed it on me- Same tenant asking if her daughter can visit but failed to mention it was 5 more very noisy people- another tenant having constant loud arguments with his gf- tenant saved some of my stuff when the house flooded due to a pipe burst and another time during a monster rain storm.

Quote from @Jordan Ryan: Joe Fairless - Best Ever Apartment Syndication Book, A-Z with everything you could possibly think of about starting and running a successful syndication.  

The community property exception does not require that the operations rise to the level of a trade or business or that either spouse materially participate in the operations. 

its highly risky for most mom and pops to sell on sub to.. and its simply not a way for those without substantial wherewithal to buy property and keep the seller safe..

The 10% vacancy and repairs, along with 5% capex in my opinion are pretty high.