I know BP has one but I am looking for one that takes into account the expected equity increase during the hold period and factors that into the yield along with the cash-flow.  

I'll be working with him on his business (financing, sales, marketing... the areas where I have experience) while simultaneously building my own/getting experience.I know there's a lot of wisdom to the contrary of jumping 100% into real estate without the safety net of a full-time job... but I'm going to make it work :) I'll post periodically on my progress and invite and value your feedback (including your thoughts on the above)!

If letting the water run for long periods of time didn't cure it, assuming your municipal supply isn't chlorinated enough, maybe you can open up a section of pex to get bleach in there?

All that matters is that it rents, period.

It doesn't seem that many people would accept such a small deposit, would the alternative be that I take out a line of credit for these deposits so I don't have working capital tied up for periods of 30 - 45 days?

(first look period).You should have a understanding of what buildings will and will not qualify for conventional financing, of course the best deals don't qualify.Take your time and look at many properties,Solid buildings that mostly need cosmetics are your best bet.

Property manager (if you have one), periodic vacancies, any common area utilities, trash, misc fixes, reserves, etc. will suck up a lot of the rest.

If they had inspected the home periodically they would have caught it earlier or deterred it.

Have you or any property managers you know heard of the Government not paying rent for the days during the shutdown period?

I have a commercial mortgage through them that in fine print said something about possibly changing interest rate after 5 years even though it's a "fixed" loan.I asked about this and I remember them saying that they remind you of that time period coming up and you can usually talk to them about keeping the rate the same.