To answer your question, 10% seems to be on the low end of what I typically see.  

It might help other new investors to know how it was going for something that big on the first go.

They have a person that sounds legitimate lined up.

Louis, so just seeing if anyone could give me a local investor's perspective on the area? 

So when the for-crap property manager ran the false name, no information on this prospective tenant came up.

You need to place a value on these repairs and then pick your battles. 

I'm a product of BP through and through, was on these forums figuring out how to house hack after we already were in contract on a duplex, all the way through making it the foundation of my current business. 

There is passive pockets, there is Aleksey C. on linkedin and others who talk  more about syndications as well. 

I’ll have $50K saved and $8,000 in credit lines. 

@Philip MurphyYou would need to have the taxes paid and payoff his mortgage for you to receive clear title and title insurance.All debts on the property must be satisfied to provide clear title