I currently own 47 units (3 complexes) in mid-stat.

I your situation the seller would have to bring $4,000 plus other closing costs.To know if you should back out would be a matter of examining the numbers and understanding if you can pay them if the seller is unwilling. 

I don't dislike Memphis (my family has been there for generations) but I think NC has better stats if I remember correctly. 

I've added that expense to any note I buy's price.My friend @Bill McCafferty posted his stats the other day. 60% resolutions, most of which come late in the foreclosure.

November 2015 Houston Housing StatsHighlights:Single-family home sales fell 10.5 percent compared to November 2014, marking the second consecutive monthly decline and sixth month of negative sales volume for all of 20...

You will be able to find a proxy and take the exam in San Diego.As far as your parents rental properties, if they do sell you can then get a Realtor in California to give you a referral fee. 

But I am a bit put off by the crime stats in the rest of the town.  

Looks good, just interested in the stats and the new tenants.

That's a great stat, you should put that on your business cards.  

Well it's been a little over a year since the Oil Crash of 2014 began, but it seems like the Houston housing market hasn't noticed.Houston Housing Market Stats June 2015