To answer Bob's question, The verbage regarding tenant responsibility dispayed in my initial post is copied from the lease agreement signed by the teants.  

Downstairs tenant just moved in and is signed on a one year lease and has extended family in 3 or 4 of the surrounding houses so I believe they would also be a longer term tenant.

Those pace report numbers are definitely something to celebrate.

I would also say this would be a big sign of a GOOD TP/PM team, ones who would tell you this, that you are the executive decision maker not them.

They sent me a contract to sign with the purchase price and timeline.My concern is how they can provide a price without even inspecting the property.

The most common one is that when we get a new lease signed we are not getting the rent roll populated. 

However, more importantly is that in certain areas they have restrictions and you have to get what is called a vacant building inspection report before you sell the property which is essentially a laundry list of stuff you have to do before you sell the property (or you can have the new buyer agree to fix those things by signing a document).

When you sign up for BPCON - is it education or networking?

I was doing a lot of legwork and still paying RE agent for the transactions up until got my own license.pros: no commissions in your transactionseasier qualification as real estate professional to offset high W2 of spousecan get access to any house/ easy logisticsmore control in the transactionMLS access with all the information on tip of your fingers, you can move fast with the deallicense knowledge helps to make better decisions and gives broader understanding of the industrycan legally do property management for others, wholesale (many states now making outlaw to do it without license)cons:need to take an exam (it needs preparation and to be good not just barely pass you need to study)fees you pay along the way (MLS, brokerage(I signed with investor-focused on and have a monthly fee and a transaction rate))self-management including taxes and feesneed to relicense + paid education Don't forget the biggest con.

There was recently a new law enacted where a buyer has to sign an affadavit to verify that he or she is in compliance with state laws on foreign ownership of property.