Keep this in mind whichever way you go; unless you get lucky and hit a good set just between jobs with something small, most good contractors are going to have to work you in, and anyone who says they can start tomorrow might be suspect. 

You can only get back a max of either the original purchase price of the property or 75% of the value (if it is SFH), whichever is lower. 

Whichever nets them the biggest return is the path they will pursue.

I hope he's doing ok with whichever he decided

My credit is bad from neglecting payments when I was younger on things such as cell phone bills and cable.  

@Colette B Which ever cash flows better is the right answer. 

One of the big national gurus even gives out his personal cell phone number and reports that he receives almost no calls.Mike

While most people have idea conditions ie cell phones, unrestricted Internet, and no imminent threats, the conditions here are much different for me.

He isn't a broker or PM so the management will be done by whichever local 3rd party PM you choose after the sale.

(I'm assuming that there is no PMI due to the fact that you put down 25%).These are numbers that can allow someone to sleep at night as long as you rent to financially solid tenants.A 22.55% ROI or COC (whichever you'd rather go by) is a beautiful deal and is hard to find for some!