Leave yourself some breathing room and that'll set you apart from those who are pushing the envelope too hard.

At the end of the 3 years, if they go to closing, I give them $7,100 back for down payment and closing cost. 3.5% FHA loan (3,500) plus 100 bucks a month set aside ($3,600) equals $7,100.

Only catch is the University has set the home and neighborhood within its imminent domain master plan for development in 10-15 years. 

That’s who the company was set up to market to, but other professionals are able to receive funds as well.

Do you have any advice on buying multifamily properties and how to set a purchase price when there are often not enough comps in the area to help make a determination?

In other words, what experience/skill set do you bring to the table to make your expertise necessary? 

@Bharath DandaAs a newbie investing OOS, you may want to get a second set of eyes on the property outside of the turnkey company...Checks and balances...

If you find someone that is looking to offload a property, you can possibly set it up as a lease deal with the option to sublet it to someone else. 

We had people from all over the country mobilized and setting up shop. 

Yes, he does not want to pay rent, so you give him 30 days rent credit through the sell of the house agreement, but set the rent rate high, maybe double normal rent.