The balloon payment needs to be nailed down.

@Ramiro De Leon Stu nailed it: you gotta find the right people!

@Jay Hinrichsi wish I could like this post 100xHit the nail on the head with all these guru training courses.

@Brian Cannon Autumn nailed the sentiment above. 

Hit the nail on the head I am in total agreement.

And the place was FILTHY, had 88 nail holes (I counted), and a big hole in one of the walls.

For instance, do you say that they shouldn’t nail anything to the wall and only use command strips?

Nothing like the polished, slick agents of southern CA.  

Hit the nail on the head, I will manage these to learn and to temper my expectations regarding PMs. 

At the end of the day, if you are prudent in investment analysis, have a good BS meter for smooth talking salesman, and know a bit about real estate to be able to do some basic diligence on the polished presentation many syndicators put together, than you would likely be fine going this route.