So I told him lets let them mine the clay but leave us level ground and at the least we can gravel it and do out door storage :)  

I've searched around a few websites and searched for properties within the same zip code as mine.

The most important thing to do is to find quality operators to partner with. 

Before or after you closed, did you go talk to the other three homes and let them know what you were planning and how you were going to operate? 

If your KC market is anything like mine here in Houston, someone who can afford that monthly rent range is likely a homeowner, not a renter.

You'll need a reliable network of local professionals (plumbers, electricians, handymen) you can trust.Hiring a Property Manager:Peace of Mind: They handle day-to-day operations, tenant communications, and legal compliance.Local Expertise: They understand the local market trends and rental laws in Colorado Springs.Cost: While there’s a fee, many find it worth the reduction in stress and time commitment.Lessons Learned from ExperienceBuild a Strong Local Team: Even if you manage the property yourself, having a dependable local handyman and a real estate attorney can save you headaches.Leverage Technology: Utilize property management software for rent collection, maintenance requests, and tenant screening.

It feels to me that anything with negative operating leverage is just a non-starter.

This is more common for commercial (5+ units, often lenders in this category want the owner/operator to have experience self managing or hire professional management), and not very common 4 units and under, IME.  

I agree with Evan that the other deal terms are fair, but how is the operator going to turn the property from cash flow negative to cash flow positive in order to pay the investors the projected return on their investment. 

The goal is to be an investor, not an owner operator.