The Team Leader at the local level will be your best resource for all the details involved with being a part of the Keller family.

I’ve also done the “do it yourself” method out of state, so I can compare the two different routes.

Our rentals include older homes with hand-done plaster textures that are hard to replicate when patching.We are in our first round of renters so time will tell if this is a good method or not.  

I’ve been involved with real estate for quite a bit of time.

These lines require the involvement of a commercial lender but can make sense.  

This thread has been incredibly helpful as I've been trying to understand all that is involved in valuing an apartment.

You're just paying with pre-tax dollars rather than after tax dollars.Further, there are costs involved with buying and HUGE costs involved with selling.Don't fall for the BS the real estate industry puts out. 

FHLB 5 year rate is 3.08+2.25 spread (YMMV but it will be similar method of computing rate) so at least 5.4% I'd bake in 6 to be safe as these can take a while to close.loan fees--call it 12KClosing costs will be a lot more than 3K--you need an appraisal at least at 1500 and maybe more, you will need the partnership agreement drafted (welcome to lawyer land!)

Hey guys - I will be signing new tenants for my newly-renovated property and I am wondering if anyone has any AWESOME rent receipts, or methods for proof of payment for a Ledger that I can document?

There's a world of opportunity out there, learn as much as you can, get involved with discussions and post up any questions you want answered.