not sure what the right number should be but realize aside from the value of the license and his time, there is also the risk for his license if you do something stupid/illegal.

You're on the right track..the BP tab 'Tools' has some decent resources, I've also found excellent analysis spreadsheet on Etsy for a few dollars.

A handy search bar in the upper right makes it easy to find previous discussions, blogs, podcasts, and other resources.

I listened to this book at least five times right before my exam, and it was really helpful.

When they exercise the option, I get the amount left over after paying off the $300,000 minus principal paydown.

I would encourage you to ask the right questions of any turn key ... do they actually acquire the properties ?

Arizona has alot of competition as we also have few restrictions and good returns when you buy the right bedroom count / amenity property. 

You can roll it to a self-directed IRA (SDIRA) and buy real estate or privately lend, but you couldn't do that with your personal rental otherwise you would blow your IRA up. 6.5% right now is a great rate...it's lower than what you can get a 30-year fixed owner-occupied home for.

Before I left, we had an average rating of 4.93 across many markets and channels. 

If you decide not to utilize a 1031 and pay 30% taxes each time, after 10 transactions you’ll be left with a little bit over $2,000,000.