@Charles KaoThanks for the heads up, I have requested that my lender look into a conventional commercial loan, but feel as if she will “shoot it down” if she hasn’t brought it up before.

Shoot them an email.

If you want to join us for dinner on Friday or breakfast on Saturday leave me a comment or shoot me a message and I'll give you my phone #. 

I am a Realtor, so I can help you with any questions you need, shoot me a private message!

Find an investor or local host in the area you're looking in and shoot them a message, definitely be the easiest way to get a good understanding.

Don't think that one particular out of state market will shoot you to success or abject failure.

Or perhaps they're trying to shoot too high with their asking price. 

A lot of investors approach me saying that they invested in Kansas city but are getting priced out with cap rates dropping in a lot of midwestern markets due to the popularity of out of state investing.I'd look for a market where you can get higher cap rates on C+/B- assets, that still has solid laws, low taxes and owner paid utilities, and solid rental demand that keeps turnover issues at a minimum in the working class asset range (your ideal target for max cash flow).I'll shoot ya a message :)

I suspect you'll be closer to $100/month.As @Brandon Cooper pointed out, property management is usually 10% of GSR.I shoot for deals that cash flow $150-200/unit/month and have a mid-teens CoC ROI or better.

Feel free to shoot me a connect