You may find that you have a unit occupied for 2 years or more, but you may also find that by the time you get it ready to rent and find a suitable tenant, it is several months, so that number seems to fit.

In the meantime help her manage her properties.And if you are really in the mood to help try to find a suitable multi unit at a great price, good area but run down and poorly managed for example and do a master lease option and have her exchange into it.

I encourage you to make certain this specific property type will be suitable for the loan type you are hoping to get.

Anyway, if it is a 2 Bdr then it is not really suitable for that crowd 

I have been doing considerable research trying to determine the most suitable areas to invest in.

Not sure of all of the exact requirements but If the house is suitable to live in, (and you plan to live in it yourself) it is reasonable to assume fha would be an option.  

We are actually going to meet with a potential mentor on Saturday - they are a friend of a friend, so we hope that it will be a suitable match. 

which sector is most suitable for foreign investors willing to buy in CASH (Single Family,Multy-Family,Class A,B,C ,etc)Thanks in advance.

Seller agreement allows for 30-90days of time to place Suitable Tenant or withdraw. 4) Depending on the difference/gap between buyer/seller option - If Buyer forfeits you can place a new tenant (LO or standard rental), sell retail with double closing, buy the property yourself and handle it how you like afterward, or let the option expire with notice to seller that it won't be purchased. 5) Home Owner (seller) is responsible for property insurance, property tax, property repairs that effect structure, mechanical systems, safety, habitability, etc, that would be major and typical landlord repairs, but basic maintenance/upkeep is on the tenant to cover, usually up to $500 per occurrence. 

A LOI is more suitable for larger deals where you'd have to invest a lot of money in due diligence and attorney fees to put together a custom contract.