Scott Dillard, not sure what market or style I'm going to adopt yet but I'm living in the terrances on midland avenue right now.

There's so much to learn and get caught up on, text book style.

I spoke with a friend who is an environmental engineer who said that it could be the ground water (rare but possible).

A different siding color will draw attention to the architectural style, then you can have a contrasting front door to make it really stand out.

If so, liens are extinguished unless environmental liens from DEQ.

Or starting small and using my base capital to pick up those SF and MF properties first and working up to condo/apartment style deals.

Your plan sounds solid if trying to build Dave Ramsey style.  

I am unsure of most all costs associated with this style of land use and hope that someone out there can help me with some rough pricing.Again I am new to this style of land use so any info or ideas help!

First, see Sch-C vs Sch-E.Second, the appraisal is not performed based upon EITHER schedule.However, the GSI-Expense = projected NOI, times 0.37 is actual NOI and that has to cover the mortgage+interest, insurance and taxes.The high vacancy rate (1.00 - 0.37 = 0.63) is a killer and usually, you would take such a loss ONLY because you would be year long resident AND love the life style - - aka it's typically a bad 'investment' and you're making this choice for OTHER than financial gain.

We ask the tenants to inform us of any problems that may arise, but take responsibility ourselves to do periodic inspections of the property.You may want to explore the aspects of Crime Prevention Through Environmental Design (CPTED).