He sent me a sample agreement, and here are their numbers:10% management fee100% leasing fee for new tenant25% leasing fee to re-sign tenantIf we change management companies at any point during an existing lease, we pay them the equivalent of the rest of the lease's management feesThis seems quite high to me.

They are accepting the equivalent of $314,693 today in future payments on both mortgagesAlso, a mortgage broker is not a fiduciary.

Prices in TN are much lower than equivalent property in CA.

@Jim Blackburn - in my above  scenario, I'm suggesting it's a flip equivalent.

If you pay for landscaping it's usually far less per unit that if you were doing it on equivalent SFRs, etc.  

If you're getting $100k for a free-n-clear property that had been cashflowing at $800/m (equivalent to 10%/y), it'd be time to sell according to you, right?

So, even though I'm allowed to contribute cash, I would not be allowed to contribute the equivalent of value in property?

One bedroom units for MF are the equivalent of 2 bed houses.

This is the equivalent of investing in a CD at 4.10% interest over 7 years.

One piece of advise from the start, ALL CAPS is equivalent to shouting.