I think leveraging the initial property even further with such tight margins is a train wreck waiting to happen. 

Class B is less work but less initial cash flow.  

Initial Amortization Schedule: 12 years (144 months)6.

Or give any one area a leg-up, besides the initial players like Virginia. 

The more cash you put into a property initially the more cash flow you get.

I plan to pull a standard lease agreement from the Florida Supreme Court website and review it with her next week.I have received a new job opportunity where I will be making an extra 40k annually and must move out of my home quicker than I initially expected.

My initial thoughts when it was mentioned, was to push him more to a standard multifamily investing strategy.

Initially I’m wanting to start in the local Chattanooga/North Georgia area

It comes down to how each county handles property tax valuation.To put it in generic terms - a title company & lender will base your initial mortgage payment on the property taxes of the previous owner.  

There is a legit chance of a loss of initial investment.