However, I realized that my situation is quite unique.

I don't have an exterminator that I can recommend (my boyfriend takes care of this task) but I always advise property owners of multi family units to be proactive because they are such a problem here in this area.

Can you please share some unique advantages you able to receive...Like...Leasing / Buying CarVacation write off MealsBusiness partiesetc...

If the long-term tenants are moving there could have been some unique arrangement between them and the old owner that they know is unlikely to continue.I know a lot of investors avoid inherited tenants whenever possible but I think it can work in the right situation.  

This book helped me see things more incrementally and to focus on the task at hand.

@Jose Castillo,Can you multi-task?

I agree, the rent should match fair market value, but the unit could use an updated bathroom, paint, & other cosmetics.Are these easy tasks to accomplish while the tenant lives there or should I consider paying for them to live elsewhere during the reno work?

Some loans may provide the money before the task, with the money for the next task not being released until after the previous one is checked out.  

Teaching is an awesome and unique experience so far, but my mind and my heart has always had the idea and drive to begin in real estate investing.

I have even flown to other states to meet with clients.. ( of course I had talked to them on the phone. but it was big enough timber deals that I wanted a face to face and whats 1k bucks in flight car and hotel if I was going to make a few hundred grand on the deal.. its simply the cost of doing business. as this is all I do .I never did not close the deal when I made this unique effort..