Account Closed  My apologies in that I am not very knowledgable on the topic you are inquiring about, however I do know that BP has a great resource within the tools feature with several shared files including contracts and other helpful docs. 

The best market throughout the US with the lowest active management costs, trending upwards for employment and population growth, low property taxes and insurance and high rent by ratio with high cap rate would have to be Jacksonville, FL.

Here are the assumptions in my analysis:Overall 6BD / 4BA, 4,946 SF (3,804 AC)$532k ARV ($139/SF) 90-day, 1-mi sale comps$15k repair costs$30k delinquent taxes & HOAFlip $17k closing cost (going-in)$21k closing costs (exit)$3,875 monthly holding cost6-month holding periodRent $3,500/mo gross rent$316/mo cashflow$59k needed8.35% cap rateAt first glance, I think flipping makes more sense than renting.

What is the price /cap?

Is this a good deal considering you are dealing with another tenant for less total income even though the cap rate is more than 25% Thanks

If you want to connect with other investors, there is a FREE landlording meeting this Thursday, May 26th, at Tommy's Pizza on Dublin-Granville (between Sawmill and Riverside) that features education (a Q&A session geared to newbies for general real estate investing and landlording as well as a featured speaker) and networking and has a good mix of newbies and experienced investors.

You have not supplied enough information for anyone here to give you a good opinion.What is the CAP rate, how much are they asking, what does the financing look like what is the NOI?

The $1M cap is an important restriction, but I actually think forcing issuers to have audited financial statements for raises over $500k on their 2nd offering will effectively make the cap $500k for real estate operators.  

I built and sold 3 successful tech companies, was a CTO for two top US firms in DC as well, so let me play Devil's advocate — AppFolio and Buildium both offer reoccurring task/maintenance features for tracking such items like filters, law care, etc., however a simple operations change will fix all these issues.

FYI I'm really interested in proper maintenance features.