There is no doubt that the markets you listed will have better initial cash flow. 

.- Try to raise the rent and the tenant will give you a list of all the maintenance issues they want you to fix. --- They will offer to fix them in exchange for lower rent, but ask yourself, if the tenant has been living there for 25 years, why isn't everything fixed already?

The strategies you listed are drastically different from each other.

But then, do all three homes go into ONE trust, listing the two parents and the three daughters, or do they create three trusts? 

Quote from @Francisco Milan: Hello GuysI want to get into listings, been doing buyers for the last 7+ years and I think it is time to get into listings but I how can I start building my listings pipeline? 

Personally I was not stoked on the engagement fee and on that particular project, the listing agent (who promised to notify us if anyone else was kicking the tires on the lots) sold one of them and the project didn't make sense at the new number or units. 

Blue gate is not listed on their website.  

Incidentally here's a list of non-recourse lenders you can talk to.

@Rose White Your listing is your first opportunity to vet prospective tenants.

I found it on zillow and bought it for listing price.