If you've already established that these properties meet your criteria for quality/area/condition then no, I don't think you should worry about the 6K. 

I have seen better pricing for higher quality property and location.Mark

A good local wholesaler or off-market specialist should be able to help you find quality products either on or off of the MLS.- it's always good to see another investor utilizing this great site!

Quality of life.. in my younger days schools ( IE spent half my income to live in the Palo Alto School system).. ease of commuting to work.. shopping. 

The scope of the work is general rehab stuff: floors, windows, doors, light weight exterior work, paint, fixtures etc.We are not looking for bottom of the barrel cheap labor, but fair priced rental quality work.Also, we would like to purchase more properties if we can find a contractor or network of contractors we trust.

Any other ideas for getting a quality team member? 

Cheap is not always better, invest in quality paint, also quality rollers.

The terms you receive will generally depend on the quality of your deal, it's suitability to particular lender, who you know, and of course, your level of experience.

I grew up near Chicago and most people try to get me to return on the freshwater premise.It's a real concern in the macro view, but I think jobs and quality of life will be the bigger stories in the decade.

He is a deep pockets guy, so I doubt he would flinch as long as he is getting an outstanding deal on his end.