Ended up doing a bit of research and found out there was an old house sitting on ~10 acres, so said the internet anyway.

If you want to get fancy you can hook them up to your internet and they automatically generate monthly usage reports.

Since the upper unit tenant has been using the previous owner's wifi and doesn't have internet, I was thinking of having internet installed for $40/m in the bottom unit.

Internet leads are practically worthless.

Kids are noisy and smelly but not when the tenants are there :)I specifically like daycare because of a few factors. 1) It is internet resistant - you can't put your kid on the internet so you won't lose tenants to that in the same way you could lose a retail or office tenant to the internet. 2) It's always a need that will be there 3) A lot of times these days daycares are supported in some way with government funding.One thing to pay careful attention to, as mentioned above, is the lease.

BP is maybe the greatest free resource to help you get started in Real Estate Investment there is on the internet.

You might also look into your best options for cable/satellite/internet.

The internet is your friend here. 

I've tried searching for this information on the Internet, but haven't had much luck since the search results aren't very specific, mainly stating that the definition of a "good" cap rate varies by location.Does anybody know what a "good" cap rate would be for single-family homes in the Pensacola area?

Although he's big on some pre-internet tactics such as door knocking to ask if people had friends or family interested in buying a house, and wanted me to go to realtor's and mortgage lender offices to make connections with them rather than call, some might argue these are still effective tactics.