@Alex Cordero Sourcing opportunities is critical to being a successful real estate investor.

Any advice, criticism, or comments?

I'm getting pulled in enough directions that evaluating options for property management has already been We enjoy the tenant management side of things, think that the rent pricing is absolutely critical to keeping things on the up-and-up, and we also think managing the turns is something that makes sense for us over time - so I think getting the help per the above makes some sense. 

It's critical for your success, security, and peace of mind that you work on increasing your savings greatly.You are a two-income household and it sounds like you both make a decent income.I guarantee you that if you do not change your habits on saving, reducing costs, etc.

The exact timing of the bankruptcy filing is critical.  

However, you said wanted to get educated before you started to move forward, so here goes.First, and this is critical, never...I mean NEVER EVER, go into anything "accepting" mediocrity before you've even started...                        

For an out of state investor, I would think getting a local team (property management probably being the single most important) in place would be at least as critical, if not MORE critical, in determining your ultimate success.

Any opinions/ suggestions/ criticisms will be appreciated.Thank you again BP community!!!

You should search BP and Google on this so you don't have to agree or disagree with me :-) This consensus on the definition of NOI or any other acronyms for that matter is critical because it puts all of us (i.e. all market participants - brokers, lenders, sellers, etc) on the same page when we communicate.

It's critical to fully understand the submarkets within the market.