This site is a tremendous source of information and networking.What kind of investing do you do, and what does the term "investor-friendly agent" mean to you? 

I don't know who the BP member that sourced this is, as I don't work with anything in Cleveland, so I say this completely naively and unbiasedly, but not all turnkey providers are above board.

If you are using your own money to purchase the property and you can verify the source of the funds you could do what's called "delayed financing" where you basically get the refinance loan as soon as you close.

Currently  real estate is my only source of income and with a second on one of my investment props I could get rolling on another SFR.  

Your profession should be the source of all the private money you will need.

I am looking to invest in real estate for cash flow, and eventually be my primary source of income.

Agree with everything Mark said, plus you want to verify the source of the water damage- that is important to know.

I've noticed that many landlords include the cost of heating in the monthly rent - I'm guessing because all units are heated from a single source.  

Go to your local networking meetings - that's your best source of knowledge.

Is there another source of income not included in your analysis (laundry, late fees, application fees etc) to get income of $12,468?