I will try that approach.

If I had the property under contract, who would I approach at the government level and how would I approach them?

I am incredibly thankful for the help!!

This whole deal is still in the beginning stages so i'd like to get a little more info before i approach the banks.

How would you approach raising rent on these exiting tenants?

I wanted to try a different approach as I'm sure absentee owners are getting flooded with postcards and yellow letters from different investors.What are your thoughts on these lists working in the Memphis market?

I'm in the loan process right now and I approached my insurance agent for a homeowner's quote. 

I have a beautiful wife and the most incredible homeschooled five-year-old daughter!

You'll never remove all risks.The sequence of doing ceilings then flooring is just the way you'd approach doing those two items, and that's speaking from my experience as a GC and a PM.

This number isnt taking rent increases into account.Looks pretty ok on paper (unless I'm missing something and it doesn't)The breakdown for your first example would have the sponsor (who I'm assuming is me in this scenario) receiving:Acquisition fee: $1,750Asset MGMT Fee: $672 80/20 split when sold in 10 years: around 25KAnd since this is a smaller deal a more basic approach of 70/30: 4895/2098 or 8% back to investor annuallyDoes this seem to check out?