The cap rate is less than I typically look for but the cashflow is pretty attractive.

Fixing it so it doesn't break at 3 AM" and "making it look attractive" compete for second and third. 

I’m curious about how you found a place with enough delta between ARV and total cash invested to make it attractive, as well as enough rental income above your refi cost.

I feel I would get better deals avoiding turnkey properties.I have done some research Orlando seems like an attractive investment location. 

That sounds like you are including the existing plans as part of the sale for the buyers use which is attractive to the right buyer.

To attract a mentor, show that you are teachable, have passion for what you are doing, and show them that you are following their advice. 

The strategy that attracted me to the deal was to add value with professional management; the GP brings an in-house property management group with scale in the area.Other strategies:• Enhance curb appeal and desirability by implementing common area improvements and upgrading amenities• Add substantial value to the property by upgrading unit interiors and increasing rents to market rate• Improve the resident profile and stabilize occupancy and collections• Increase income, hold for cash flow for several years and sell as renovated, stabilized asset when the best exit timing is achieved What made you interested in investing in this type of deal?

The strategy that attracted me to the deal was to add value with professional management; the GP brings an in-house property management group with scale in the area.Other strategies:• Enhance curb appeal and desirability • Add substantial value to the property by upgrading unit interiors and increasing rents to market rate What made you interested in investing in this type of deal?

Construction is an industry that attracts people from all walks of life and there are many bad people out there.  

The nearly 9 year lease and 5 options to extend the lease where attractive as long-term buy and hold with strong cash flow How did you find this deal and how did you negotiate it?