Then the next big question is how will you finance the deal, just given the NOI and revenue/expense ratio the deal should cash flow, but looking at actual debt service will make the picture a little more clear.Other numbers I don't see that may be baked in are vacancy, reserves, management fee (even if you plan to self manage).That all being said, it could be a great deal but need to know more. 

We decided to pay off some old debt and we have about $5000 liquid cash left to reinvest.

The main number you want from them is the price, and the rent if rented.

Hi Matt, I think Wayne hit the main points to look at first here. 

My main concern in "affording" the properties and I can only put about 3-5% down on the property. 

Here are my two main ideas.

I love how these loans have 20 year Amotization schedule and we expect that these properties at the end of 5 years of ownership each have only 40-50% debt to value max at the end of the first 5 years of ownership.  

Mainly, the systems implemented are fascinating (VA, automated offers, etc.)

It looks interesting (mainly SFR) from a pure numbers standpoint, but that alone is not a reason to invest. 

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