If that was said in the first person, you'd probably think Matt Rothwell was boasting, but in the third person, it sounds extremely credible.  

It sounds like you have a good background for a successful REI career.

For you, it sounds like the turnkey provider is in your backyard providing properties that you could very well acquire yourself.

Sounds good; happy investing!

Some research has already been put into this but we wanted to get a sounding boards from others who may have already gone down this path.

Would I just take over the existing lease as my own sub lease under my master lease with the seller and replace tenants when their lease is up with tenant buyers to buy the option?

3800 sounds like extremely optimistic rents.

Overall, it sounds like having QuickBooks from the beginning of the project is the easiest way to go.

Some points about me and this property:- it consists of four 1-bedroom apartments - rented to young professionals- this is B property in a B neighborhood - current rents are $2300 ($550x3 and one $650 - the $650 is the newest tenant and the apartments are identical - so it sounds like the rents can be increased in the other 3 upon lease expiration)- it's listed at $139,900 and has been on the market for about 3 months- my calculation on this property is based on full asking price and current rents- The COC ROI is misleading based on the way I did the inputs -- the only cash out of pocket will be closing costs which I've been quoted to be about $7000  out of pocket. 

If you would ordinarily accept applicants with a credit score above, say, 725, this sounds like a solid applicant.