It sounds like you have a good background for a successful REI career.

For you, it sounds like the turnkey provider is in your backyard providing properties that you could very well acquire yourself.

My wife has a strong history of making nice returns on her homes, has a good eye for figuring out rehab steps that are cost-effective, and is good at staging.  

Sounds good; happy investing!

Some research has already been put into this but we wanted to get a sounding boards from others who may have already gone down this path.

Sounds like risky business for a newbie

3800 sounds like extremely optimistic rents.

We currently have 5 houses in different stages of repair and are looking to scale to where we will have 8-10 properties at a time.

Some points about me and this property:- it consists of four 1-bedroom apartments - rented to young professionals- this is B property in a B neighborhood - current rents are $2300 ($550x3 and one $650 - the $650 is the newest tenant and the apartments are identical - so it sounds like the rents can be increased in the other 3 upon lease expiration)- it's listed at $139,900 and has been on the market for about 3 months- my calculation on this property is based on full asking price and current rents- The COC ROI is misleading based on the way I did the inputs -- the only cash out of pocket will be closing costs which I've been quoted to be about $7000  out of pocket. 

If you would ordinarily accept applicants with a credit score above, say, 725, this sounds like a solid applicant.