So owners should talk more to owners to get real feedback. 6.

So far I have gotten good feedback and I think the best way to learn is by doing and by learning from real life scenarios.

Great position to be in.

she was rushed taking off from work, with the sellers and everyone there, and not in a position to read everything let alone negotiate a change of closing paperwork. 

They could positive cashflow and i believe there should be good rental demand from student population but i am not sure about the scope of appreciation in the area.

What you want to discourage is the tenant 'helping' you with feedback/action that is outside the scope of the lease.  

The primary metric you should be focusing on is return on your equity position.

If I changed the filter to around 3-5 years then I can see 1 or 2 properties but i'm not sure if that is enough for an appraiser to use.I'm fairly new to real estate so if there is any feedback on what I can get a better idea than that would be awesome.

Appreciate the feedback.

If you're not in financial position to live these rules, that's ok, it is important to start thinking these rules, living them in thought.