Simply put that money in your pocket and save it up for repairs. 

I specialize in kitchens and bathroom remodeling, and have a custom cabinet shop.

U have to shop for the deal and compete or deal with wholesalers thats no fun.. you have to make quick discussions etc etc.. with a nice renovated prop you get to buy it have your home inspection and understand what your buying... 

My cautionary tale for shopping lower and you need 100% clarity on what's covered and extra fees.

If they are not good at property and asset management your "investment" could become a money pit with vacancy and repair expenses. 

I am always willing to connect with anyone that is interested in help, advice, or just talking shop.

This facility has 144 Units and a 3400sqft shop house on the property.

A one-stop-shop would be ideal. 

I would recommend shopping around, especially with a local mortgage broker.

Year long lease typically, with subletting allowed to offset summer months cost to tenant.I worked out some high-level math: Assuming there is a 6 bedroom single family house for sale for 800k, and I can rent for 6k/month.Financing: 350k cash, 450k loan @30yr, 3.8%.Assumptions: 7% vacancy/yr, $4000/yr repairs, $10k/yr property tax, $4k/yr insurance, 8% management fee+50% first month rent on new leaseMonth-to-month breakdown: Income: $6000 Vacancy, Mgmt fee, repair, taxes, insurance: $2300Loan PI: $2650I'd take home ~$1000/month.