I have no problem letting a guy make some money for a few months, but not a killing for a couple months of very limited hands-off ownership. i think $400k is at least a fair first offer.Additionally, i've been told that based on the current cash flow of the property, that i stand a good chance of being able buy (finance) this property primarily on the merit of the cash flow alone.

People with a financial incentive to promote the sale of investments should not be relied upon in any way when they give an analysis of the merits of said product.  

All you have is the underlying merits of the property and the contract price, which you can't use!

You should be evaluating the insurance companies reason for not accepting liability and see if it has good merit and worth pursuing, but if you have all of the documentation showing that the contractor was unlicensed and a report from another inspector or the adjuster from contractor insurance policy showing improper installation or anyone, your insurance company should take it from there and recover your deductible from the contractor policy.

., Sherman has a ton of merit, also I do end up putting investors that want to stay in DFW in Mellisa, Anna, and Cross roads

You really have a "commercial" exposure that merits you securing evidence of liability insurance at minimum from your new tenants.

While it may have some merits on the one or 2 a year investors it doesn't hold up when evaluating on a larger scale.

Thanks for the responses everyone.While I'm not surprised by the "just start calling" advice I am surprised that nobody seemed to think there was any merit to getting some experience on someone else's dime and not flubbing over my own prospects.Certainly rethinking this strategy.As always thank you BP Universe for good advice and making me think.

Will let everyone know if it works out; I'm not taking anything for granted.Again, I'd like to express my appreciation for the comments from this forum, which gave me a measuring stick by which to judge the merits of the mentoring opportunities I'd encountered.

It certainly did not provide a lot of detail that an investor would need to weigh the merits of hold real estate in a SDIRA.