So are you suiting up for round 2, farming for buyers and listings going forward?

So are you doing a sandwich lease option where you put a home under contract with a seller and then you rent it out to someone who ideally wants to buy the home at a future date?  

And if so, are you aware that you may and likely will lose every dollar you put into the place if you are unable to in the end exercise that option?

Pure numbers don't look bad....And maybe look at some details like property condition (so no major outlays early for capital projects), your home base makes me think college, so are these empty each summer or is there mass competition for students (which can be management challenges).

So are y'all telling me that the roofer should have been able to tell me exactly how many roofs were on there when he did his estimate?  

Though I'm very new to investing, I can tell you anecdotally that property values near our new "Beltline" path and proposed light rail are soaring.

The smaller units are strong earners so are the SFH when in the right areas.

However, rents have soared and the place was previously mismanaged some. 

None of us here are involved in the deal so are on the outside looking in.If it is just a 5 year primary term it sounds like a renewal option because they are longer than that to start. 5 years is very hard to get decent finance on so you must be paying cash or putting 50% down.    

However, the prices in the neighborhood include foreclosures, so are all over the board.