Green Tree Acceptance in Houston and Vanderbilt in Nashville seem to show up a lot, mostly for new but on some used transfers as well.It's a market I keep looking for opportunities in but there are challenges for sure.

Now, I challenge you to take another." - Dan Poynter

I don't think this is a totally unfounded concern - sure, technically, the PM is responsible for refunding the deposit, but if he/she is gone, then it's likely the landlord who will be tapped for the cash. 

However, my challenges lie in how to appropriately assess the property value in order to make a fair offer?

We both have 740+ credit scores, one of us has a higher debt-to-income ratio,  but the other doesn't, we have a decent amount of capital between us, so qualifying for a loan in general isn't the challenge, we just want to be smart.

That type of congruency challenge can give rise to much consternation.Just a thought...

I recently closed on a nine-unit and was able to challenge my assessment down to the purchase price.

@Marco Campos -- The challenge as you've discovered in coastal markets, and other "bubble" markets, is that it is hard to achieve attractive rates of return.  

His name won't technically be on the deed since the deed will be in the name of the entity.

Now to gather sellers to connect to them is another challenge!