@Zana Blue if you offered to partner and they shot you down, then I say all bets are off. 

I bet Colorado Springs is an interesting market.  

What size multi-family are you looking for?

But small brokerages can often be your best bet because they might be hungrier for leads..

So no, I don't consider this frequent turnovers with such a small sample size for anyone to make assumptions.  

FACTS Available nowLease: One YearLot: 2,500 sqftPets: Cats, large dogs, small dogsLaundry: In UnitParking: Carport, Garage - Attached, Off streetMulti FamilyCooling: AvailableHeating: Forced airPosted: 9 days agoViews since listing: 1,283All time views: 1,49163 shoppers saved this homeRent/sqft: $1.06FEATURES Flooring: HardwoodHigh Speed Internet ReadyADDITIONAL FEATURES Granite countertopGuest parkingLiving roomStainless steel appliancesAPPLIANCES INCLUDED DishwasherFreezerMicrowaveRange / OvenRefrigeratorWasherROOM TYPES Breakfast nookDining roomFamily roomMaster bathWalk-in closetCONSTRUCTION Stories: 3Unit count: 2OTHER Built in 1925Floor size: 1,504 sqftLast remodel year: 2015Zillow Home ID: 2102043575I am looking into renting this property in a Rent to Own deal.

Your list within the area is your Rosetta Stone.This is what I would do...find a reasonably sized area that represents the...median sales price for the Atlanta marketmedian income levelshows growth...people are moving inhas good to great schoolsnot a new developmentAfter I've found my farm area, I'm going to market to the folks most likely to be in a position to sell below market...meaning they need to have at least 30% equity in the property to even have a hope of hitting the 70% rule on the exit.  

I bet you won't let it get to the 25th of the month before you serve the notice next time. :)First thing you need to do is make sure your notice has the required information in it (i.e. name, address, and phone # of person to pay; exact amount of rent that is due; do not list any late fees in the notice; where and how payment is to be made; etc). 

At the moment we are contemplating something a little creative and rather risky as a means to eventually acquire a mid-sized apartment complex (just shy of 100 units).

 $20K seems to slim from an equity standpoint, especially if you're betting on appreciation.