I should have mentioned that I am married with 2 daughters (2 & 7)...which narrows down my options for location as we are already in a great school and don't want to change schools a 3rd time.  

Narrow it down a bit more to an area .

Narrow down the location of Jacksonville. 

You're getting everyone's narrow interpretations, which are all over the map.

If I had to narrow it down to a top 3:- They don't show up- They run off with a deposit- They do crappy workTo avoid this, it really comes down to trust.

I think I've narrowed it down to the aunt not having any capital gain or income tax on her share of the house since she has lived in it for 2 of the last 5 years. 

I'm having lunch with him again soon at his diner and can ask more questions, but would like to narrow it all down abit more and make the most of our time, mentioning the lease option.Answers to your questions:Q1: The 7 units are broken up into  four 1-bedrooms and three 2-bedrooms.Q2: Effective Gross Income was 34,374, less expenses at 15,933 add Expense reimbursements at 3094, results in NOI of 21,535. 

That would be very hard to narrow down.

I'm assessing a HUD property (my first investment prop) and am trying narrow my estimate on the cost of rehab on a house.I was able to pull up a PCR on the property (a brick ranch) and here are some key things:Cooling/AC - DamagedHeating/Furnace - DamagedHVAC Duct - DamagedPlumbing: - Sink: Damaged - Pressure Test: FailThe property is a 1,500 sq ft ranch home that seems like a good opportunity provided I don't overshoot the cost of these items.

I need to narrow down the list by equity and get the mailing info.