Hi @William Troy Weisler,I’m also in Albuquerque and have similar desires.

I personally prefer 2 bedroom units over 1 bedroom units for a multitude of reasons.Typically more desirable, commands higher rents, less turnover as tenants tend to stay longer, etc.

@Dana HarveyWhile I understand your desires the programs you are talking about have strict time limits that need to be adhered to. 

@Lindsey Orr welcome to BP it's a great resource to investors like yourself. you are able to download both contracts here on BP by going into your tools tab then going to file place there you may search for the contract you desire.

i see two options here 1) you can go back to dad and break it down as hey i cant close on the house until it's vacant and see if he can help in getting them out, 2) offer some moving expense if the lot is really that desirable to you I know not what you want to hear as the investor but it has worked on numerous occasions, 3) you will have to take it to the courts as final resolution so the sheriff can remove them.

I would suggest to find a local meet up in your area to find locals who are actively doing what you'd like to do, listen to the Bigger Pockets' podcasts if you are not already and to figure out what your preferences are (location, size/type of property, price range, desired ROI or cashflow, etc) so that you can start analyzing deals.

Hello BP, If all the buying criteria remains the same, which county is more desirible to invest?

Surrounding homes are around $200k + with similar plot size and sq. footage.I put in 40k desired profit to cover $15,000 paid to lender plus in the closing costs a point fee of 3% (Agent fees portion)These numbers look average correct?

but what creates this out of state frenzy is anyone can do it.. that has 20k in their pocket and desire and a 640 fico.. that's it.

To get desired asset protection, you need to keep separate books for LLC.