Follow it up with research.After you have studied, met connections through meet ups naturally, and got your self financial sound, start to look for investments.

Very dark inside I will add natural lighting upstairs with sky tunnels.I will offer lower after 153 days on the market the price is still high and pay like 20% down to operate on breakeven basis.I do not anticipate homes of this vintage or neighborhood homes to appreciate much.

I've seen way to many multi family properties just get into that death spiral of a slum lord and horrible tenants and it's just one band aid after another until finally the owner extracts whatever they can and exits.I personally would want to be buying something at a little lower price, perhaps redeveloping, etc.Build value rather than extract value.If the assumptions above mentioned check out and you're happy with those returns I don't see a major hurdle ----  big however though is that you're only outperforming your cost of capital by maybe a percentage point?

Several years ago I heard of a young marine killed by flying tools he had in his vehicle (he had an accident his way to a job), so I refuse to carry anything of that nature in the back seat.

A split to 80/20 could be problematic because it doesn't reflect the Joint nature of the tax return and could be seen as a step transaction if she was to only do an exchange on her 80%.Owning as Joint tenants is certainly a possibility and in fact the one that matches the tax return. 

I agree with the others on month to month only so things can naturally shake themselves out with those who want to stay and those that don’t without being bound to people who want to make your life hell!  

I would need to know a bit more about the properties before I could say if it was good or bad.As far as hurricanes, they are no more an event than other natural disasters, earthquake, wildfire, etc.  

I know its natural gas and ran off monitors it looks like from the pictures.

@Beth CannonHere in NJ for extended cold weather the system stops providing heat as there are no heat elements in the atmosphere to extract from.

I'm a doctor so these conversations come naturally to me, it's just that your diagnosing the home owners needs and wants rather than the patients health.