Be conservative and understand how to walk away from an "OK deal"All the best!

Andrew, we've been using a tool that we created to analyze all of the on market properties in our area at once, so you can filter the best ones. 

At the same time you're figuring that all out, get your brother and friend under a lease, or at least, a written agreement both parties can agree on.

I love the properties and the are all profitable.

We refinished Floors, New paint on all walls and ceilings, new light fixtures, rebuilt entire back deck, painted entire exterior, trimmed large oak trees where branches were hanging over the roof.

All of this done with zero money down, no mi and better rates than you'll get on any other loan program.

It really all depends on the amount of risk you want to involve yourselves in. 

Quote from @Cindy Young: Hi All - if anyone has rec'd CPA advice or knowledge regarding my question, thanking you in advance for response.  

I use to tear down dozens of homes here and in Franklinton that almost blew over. not a lot in linden since they are built after 1945 and without all the major issues. 

I would send out mailers, and cold call if you're up for it to all the 2-4 unit homes in the area until you get one, and then work out a deal with them.