I wanted to invest passively without any active role, with an experienced general partner who can manage the deal from sourcing, to management, to exit.

State that the sale price will be determined by an appraisal at the time the tenant wishes to exercise the Purchase Option and set a minimum floor price around current market value or slightly below. 

But you might be able to work out some sort of agreement with a tenant to fill that role for a slight rent reduction.

With all that being said, USDA like every other loan program out there, can exercise the mortgage acceleration clause if you are not abiding by the terms of the contract. 

Your Core 4 Real Estate team will play a very important role in your success.As for other markets to check out, it really comes down to what you're aiming for. 

I think it comes down to if you have an opportunity to role it into another opportunity. 1500 a month is 18000 per year.

Is this in conflict with the turnkey provider’s role as a property manager?

@Kerry-Ann Bennett-Smith What roles do you need help with? 

You can't go off of the cost estimate on permits and even beyond that, design, site work and a number of other factors will play a significant role in costs.

This could play a role in which unit you decide to occupy. good luck