We planned right, executed properly and faced hurdles and made it through. 

$2000 seems unreasonable though.

I guess it depends on your network.I do run across times where someone inherited money say 600k but they do not qualify as accredited investor.My thought is mainly take accredited investors as they are generally used to this type of investing and the liability and hurdles of reporting and documenting tends to be way less.If an investor came to me unaccredited but wanted to invest substantially say 300k or 400k I might look at it.

Be careful with pro-forma estimates, 45% operating budget on a fourplex isn't unreasonable at all.One thing I may suggest is starting to run deals like this by a commercial lender- residential lenders don't even look at the property's ability to cash flow if the buyer is strong.

Obviously this will be my first time land lording any major hurdles or suggestions to research on this topic?

@Daniel Beaulieu Thanks I have another hurdle to get over not related to the funds that I hope to be past in a few months.

That’s the hurdle. 

I got my feet wet on the forums here a few years back, but realized I had some big hurdles to overcome (i.e. get my financial house in order) before I could "get started".

But there seem to be a couple of hurdles for foreign investors.

I also love that you guys made a "low" offer, but it wasn't unreasonable because you had the research and analysis to back it up.