Given this, I now have real life numbers , and can now look at what my best options will be 6 months from now ( in June of 2016 ) , to continue my pursuit in purchasing Rental Properties.Here are the stats on the Property I just had appraised / will be closing on in 2 weeks .Purchase Price is $68,000  ( includes my all in cost ... repairs, closing, down payment, etc. )The Appraisal come back on the property for $108,000 This gives the property $40,000 in EquityThis will be an Owner Occupied property ( Primary Residence )My goal with this property, is to Hold on to it Long term, and use it as a Rental property in a year or so from now But my short term goal ( what I am wanting to do ) is to do a Cash-Out refi. at a LTV of 80%   (  or roughly $21,000 that I could pull out in the form of cash ).... 

While you are examining heating, plumbing, electrical, smoke/CO detectors, weatherization, locks/doors/windows/screens, appliance function, etc, keep an eye out for lease violations and how well they take care of the unit.

Pay close attention to the state specific laws and rules about owning property.If you are going to buy and sell property then do not take the exam.  In

After examining the photos, I could see that this tenant had a cookie sheet against the door of the dishwasher, which blocked the detergent compartment door from flipping open. 

What do the crime and employments stats look like?

We look a lot at police stats as well. 

Some of the properties are all 1br units while other properties are all 2br units (Dayton area).Beyond financial assessment of each property, are there any statistics pointing to which size unit is easier to rent (I'm assuming 2br but curious if anyone has come across stats accordingly)?

She is about a 45 year old lady that works in the Medical Examiners office here.

How different was the text/ materials from the FL RE exam versus the PSI exam in MD?

(research, get quotes, maybe pay to have an engineer examine it, find out if you would need to pull permits and whether that will trigger code compliance with other parts of the structure and so on and so forth).