I'm closing on a duplex property and the previous owners have expressed interesting in sticking around as tenants for a couple of months.

I'll let you know if any of our clients express interest.

Ok, now that you have taken your initial step, below are some quick links to get engaged.Since you expressed an interest in buy and hold, as well as multifamily, I added the below links for your review. http://www.biggerpockets.com/renewsblog/2013/01/04/how-to-rent-your-house/ (house rental guide)http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property)http://www.biggerpockets.com/renewsblog/2014/07/19/how-to-buy-a-duplex/ (guide to buying a duplex) https://www.biggerpockets.com/renewsblog/2015/11/16/how-to-choose-areas-multifamily-deals/ (Choosing multi-family deals) http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meetSetting up Keyword AlertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/forums/categorieshttps://www.udemy.com/biggerpockets-real-estate-investing-course/ (video with 64 lectures and approx 6hrs of material)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REI)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

He expressed disbelief.

You will of course pay a premium for turnkey, so your criteria might be expressed as 15% unimproved/vacant, and 12% turnkey.For the price range you're describing, these will be challenging areas, and you better have a great prop mgr that you trust explicitly.

I had shared the concerns expressed above, but as a parent of 2 boys and one of 4 siblings growing up poor, I would have really appreciated to have been taught the *financial literacy* component early on!!

They all have expressed desire to continue to lease for the next year - May 2018. 

One of them in Unit 5 I met was a family who longer wants to move to a better neighborhood express they are looking to move soon like by next month and so far is late with rent.

I just get a giggle whenever I imagine his expression about "winning the real estate lottery!"  

The county was initially fine with my plan, but then starting expressing concern about the maintaining the river front and flood plain.