He also mentioned that they will be having a conversation with the first appraiser to see why he missed the items that the second appraiser found.

I get that they are a student, so these items are quite common.

Also, we try to group prospective tenants in a time frame of one hour, and pay a trusted person in the area to be there, unlock the door, give the prospects feature sheets and an application with details/instructions on our rental process, which we supply. 

One more detail, if I do it by myself then most of the deal (if not all) will probably be cash. 

Sounds like a good concept, but not clear on some of your details.

If you are comfortable, post more details so others can chime in.

Working to research now but thought I would provide the details and see if there was any advice on how I can make sure I review all items needed to come up with the best purchase price.  

These risks are detailed in our LRO offering circular and other filings with the U.S.

I have not done a full analysis of each rental to see what the deferred maintenance is as I figured that would be after I am in contract with the seller.One item that concerns me is that I am coming up with an actual expense ratio of 55-60% instead of following closer to the 50% rule.

My current list of education items I am researching are: 1) specifics of asset protection for this style of property.