Additionally, you would pay a PM to handle all of the aspects not part of the Super's day-to-day at probably 5%.Reserves also strike me as low ...

Sure, you'll have to pay,  but see what kind of deal you can strike.

I have little real experience with the real world of regulatory items and navigating getting work done, but one thing that did strike me as very peculiar was what appeared to be the lack of consistency in how public records (for instance sale data) was provided. 

If you are open, it would be good to meet, compare notes, perhaps strike up a friendship over our shared interest in RE.

Busted meIf you supply appliances in the lease, then everything must work, including all burners and knobs.Everything must be clean.Door locks, strike plates.

Overall, I am just trying to strike up a deal through Direct Mail Postcards going to Single-Family Homes.

There have been some posts on social media about a rent strike- particularly targeting one of the big companies since a lot of folks don't have warm fuzzy feelings about the guy that owns it- but that does not seem to be gaining much support.  

I think this deal strikes a nice balance and I will likely be more risk averse just for my first few. 

If he calls balls & strikes he'll hit it for functional obsolescence because it offers limited utility with no potential value add.

someone once asked him  if striking out upset him. he said " no, because it puts me one step closer to the next home run". forget the nay sayers. i started out with $2000 and a dream. i own and  have owned several houses along the way. i have more than $2000 now and still own the first house i bought. you just have to get out there and do it. learn along along the way, do what you can and learn what you don't know. just do it.