Speaking about purchasing - it really depends on what you're looking for specifically!

so you can renew with proper notice on your own lease,, your property manager sounds like he/she needs to be managed..Normal is pay or quit on 3 day if rent is not in on 1st.. late notice the 2nd,, pay or quit out on the 3rd.. file for eviction on 7 to 10,, depending on your state regulations..not depending on your PM this is your show this is how you expect and want and are paying them to do.

I'm not an accountant but I think it depends on whoever "gains" from the property, is it just you or is it dispersed between all of you.

@Danny Ondik Ehhh, it depends :-).

I get an average for the area and depending on the property)I recommend you buy the book written by Brandon Turner here at BP.

I dont know whats customary in your area for hand money and that will also depend on the price of the property.

I typically pay 10-15% interest depending on the project. let me know if you are interested.

Depending on the town it might take up to a year, but you are going to be profitable on the deal in 4 years...

IMO it depends upon a number of factors.

Rent in that area is going to vary depending on those factors and location.