Thanks, we've done all of this and are looking at comps in the neighborhood.

It was closed by the state about 1.5 months ago after the current owner didn't address all the cosmetic violations.

I cook my own food, can I bill myself for that and write off all my food costs? 

Nope, going to have to do it all yourself or hire people.

If I see someone with 5 properties and all 5 are DSCR it screams that the total strategy of the portfolio is not being considered1.

If you can get a waiver of subrogation as well you will be all set.

I would prefer to start out here in Fayetteville, NC but I'm not opposed to other markets at all.

This is all verbal as well.

Take a look at the rookie podcast here on BP.

I will take that over 200.00 a month positive cash flow :)  All the while running my Capital Partner business and funding over 120 deals a year for my hand picked clients. lThat's a nice combination.