Some of the issues brought to our attention by current tenant would need to be addressed by the seller before acquisition.There is a potential piping issue or cracked pipe somewhere as the tenant complained about some water level problems.  

I'm pretty Excel efficient.

You should ensure that they are not only operational, but in today's energy efficient world know how antiquated they are compared to other newer'ish buildings, and what the cost is to upgrade or replace these systems. 

Is the tax-payer's address the same as the property?

If they collect 300, they could recover that 25 months, depending on efficiency, they might raise that in 5-6 years even without raising fees. 2550 rent on a 200k house on a hot market is a no brainer, sure hope there is appreciation.

Making your properties more energy efficient is good for everyone.  

I am looking to add 5-10 units in the next year in either central Texas or Mid-Willamette Valley in Oregon.I have a strong analytical background and am looking for a partner who would like to put their capital to work in the most efficient way.

I will address this with our development team and we will make this adjustment.

I didn't have to address that issue then because the first applicants (an MD and a chef) qualified.

There is a lot of hype around this industry but it has the potential to address some market needs, namely an alternative to hard money lending and access to direct property investments at more modest exposure.