Mount Vernon is fairly close by and we have similar goals.

I would like an approach that is fair to current investors, but also encourages them to let some of the funds rid for future investments.

Now you just avoided buying a property where you would have lost ~200k out of the gate or you have a way to go back to the owner and attempt to purchase the property at a fair price (~1.14M). 

Hello,  I'm fairly new to the real estate investing world.

There are a number of factors you can use to justify a mid-level or higher fee, such as whether there are shared hallways that will require upkeep and cleaning, is there any outdoor space, landscaping, snow and ice removal, if there is a parking lot to maintain, how many tenants (this is obviously the biggest one), and whether you will be charges gross rent or collecting and reconciling CAM each year. 

I don't know about any of you , but I'd like to honestly get the deductions I am entitled to, pay my fair tax, and avoid any issues with the IRS, but not aggressively seek their scrutiny or wrath.

Hey BP folks!Although I joined BP last year, I'd still say I'm a new member as I haven't really dove in...until today! :-) What a wealth of info and the ability to network is priceless.Me: 56, California SF Bay Area (...

Buying at fair market value is one thing, buying significantly above it is another.Understand that this strategy can limit your exist strategy and that you may need to hold it 5-10 years unless the market appreciates a lot.

The seller is also under the assumption that Opendoor represents them and is treating them fairly which I also don't believe is the case.

Find a community you want to invest in and look for homes that are rentals and poorly maintained.