Some of the things, I think are maybe to harsh or to much.

While I am not ready to pull the trigger yet, I do want to start mapping out different markets and analyzing some deals to see what is out there.  

Really excited to pull the trigger at the end of the year but still nervous about my bad credit.

I would not even consider this deal unless there were separate gas meters to help cut costs and there would need to be a very real possibility of increasing monthly rents by ~$2,500, but even with that I would likely not pull the trigger, because I am very much about growth.If this is the only property you plan on buying and you just want the equity then it might be ok for you; you're the only one who knows what your goals are.

I am enthusiastic, but slightly hesitant to pull the trigger.

At some point after you've evaluated a bunch, be confident enough to pull the trigger.

Pull the trigger on hold back?

And you will hopefully know that a perfect deal never comes along so you won't be waiting for it before you pull the trigger.

Would this trigger a due-on-sale clause with a lender, if XYZ is still the de facto owner of the properties?

This all makes me feel that I haven't yet learned enough to do this, but feeling that this won't go away until I pull the trigger on that first deal.