You are taking on a higher interest rate than normal BUT the reality is you can refinance out of that loan as soon as you have the minimum requirements to do so with a lender.  

I recently was forced to move out of a unit due to the owner wanting to reclaim that particular unit to “upgrade” it.Anyways, after all that I was still charged a couple of cleaning fees for the carpet/furniture in the bedroom which totaled to $80.I wanted to know if that is acceptable to do considering there are no damages apart from (minimal) normal wear and tear.

Ratio those jobs per 1k population and normalize the smaller town jobs per 1k.   

There are handicapped services that can help people live more normally (if they reach out to them).

You always need to budget for vacancies because they're a normal part of this business and should be expected from time to time.

Once that is over it is pretty normal process.If a house is pre-foreclosure and listed, the transaction is normal length unless it is a short sale.

@Laura Yates You're right - the landlord policy isn't going to cover most equipment failures due to normal wear and tear.

The normal course of action would be to file forfeiture, take the properties back, and resell them to someone who can make the payments.  

If evictions normally take that long I would highly consider buying in another area/state.Try cash for keys and see if you can get tenant to leave.If you are under contract and have contingencies like inspection or financing you should be able to walk away and not lose your earnest money.If you have the option of walking away offer 2 options1.

Certainly, if someone who is already on the GP team raises funds they will have that in their favor as the GP pie gets cut, but what if we have another colleague who has contacts (who we don't currently have a relationship with) who are interested in coming in on the deal?