Hey @Lake Bradford Your research has served you well!

HelloI'm an investor and general contractor serving Indy and Central Indiana. 

I am certain your skills in healthcare and counseling will serve you well in your Real Estate journey! 

Any details on the typical specification of these and where to put them up would be very helpful.2) We have tank water heaters serving the units located in the basement of the building.

I recently found myself struggling to even find a podcast to listen to, none sounded like anything that would serve me in my current state of mind, (out side of BP On the market, let's be honest that's the only reason i have any idea what's going on at a macro level with the economy at all, so anytime a new episode is out there its a listing immediately).  

Quote from @Nicholas L.: @Michael DallasI have already met with the bank, and the seller has a great relationship with them because he has done a lot of business through them.  

So would you still serve the owner a “3 day notice to quit” even though they don't live there?

They use an eviction service for serving the tenant and coordinating with the courts. 

Quote from @Nicholas L.: @Jonathan Greenecompletely agree.  

Either define a set period of time that you will serve as a manager for no cost and then collect xx% of revenue as a management fee before splitting profits.