I also plan on installing key phob entry for the lobby, and some security cameras in the common areas to better secure the property and help the tenants feel safe.  

Also I have one house paid off so that always helps keep the cash flow if one or two are vacant. 3) Depending on the area you don't really want to go lower than 100-150k for a house (turn-key). 

The key differences here is its only 2 years for the masters and her totalDebt for both degrees will be likely 50k or less, with the potential for near or above 6 figure salary within 5 years, it seems to make a lot more sense.

When in reality, they actually have very little street smarts and real world experience due to being in school so long.Will you be patient/humble enough to learn on a small deal, and eventually grow into bigger deals?"

I believe outsourcing to a small accounting firm is the key.

The previous owners had allowed certain key aspects of this property to fall into an UNSAFE level of disrepair.

—What is the max you would pay for a property where rents are $5,000 total, assume a 4-Unit and assume tenants pay utilities, renovated turn key.

Make sure everyone got all the scope of work correct, and make your decision based on their track record (this is the key) and cost, don't let emotion influence your decision.

In Louisville area is key to making such a rehab even worth the effort.

We are focusing to offer and developpe in that ideally located area, 20 min from Beaches or Downtown, high quality turn key family home below a Million dollar.there is a huge demand and need for renters living and working in the west side and surrounding who can't afford to buy where they live.