They have great systems, are very good at pitching and convincing people to sell to them, and you can probably learn a lot by watching their approach. 

Contact the staff to acquire the leads you want within there unique system. 

Kenneth R.

Welcome to Biggerpockets Travis R. , good luck on the first deal

Travis R. glad you are enjoying the podcasts - listen to every one if you can.

Divide those costs up over the remaining number of years of life for those major systems, and then add a bit more because while you may want the heating system to fail at the end of its life, Murphy's Law says it will fail years before then, so you better start saving.If you do go through the purchase, I would treat those capex dollars as spent dollars and put them aside in a separate account.  

Then - plan for capx like roofs, windows, driveways, siding, HVAC systems.  

Yes, the equity would help with the move, but we do have a small saving and good support system in place.

Who/what do you use for a system of checks and balances to make sure that your Manager is on top of renting/quick turns/collections?)

I would look at this deal from a worst-case scenario point of view and determine if it still fits into your style of investing.Kenneth R.