I live ok, but you would never guess how much money we handle every month by driving by my house or seeing what kind of car the family rides around in.Second point, when I buy a property, it is in distress and I buy at a heavy discount.  

Through constant annoyance and hounding I was fortunate enough that @Jay Hinrichs let me "ride along" with him a couple years ago.

Sometimes qualitative aspects can over-ride the math...

The reason she's not leaving is because you're not demonstrating the proper image of a Landlord that knows what he's doing, so she's going to ride this out and continue saving thousands of dollars.Hire a professional that takes action. 

For MFUs however, you are buying a cash flow and you don't buy-to-flip IMO - - these are buy & hold.The prospect of an acceptable cash-flow trumps current market prices, as even if there's a typical 7-9 yr cyclic behavior, you don't have to fret;  just ride it out collecting that cash.Contrarian thoughts:  If your economics go in the trash, your W2 job moves to Podunk, you might find yourself in a forced sale.Real Estate or the USD 'could' get really burnt and we just 'throw our silver into the streets'.As JFK said, Life isn't Fair. 

I used a turnkey provider, who provided various overviews of a dozen+ markets, and OKC had one of the higher cap rates (however, you do pay an insurance premium to cover for wind and hail).Economy wise, things looked fairly good, and as far as I can tell, OKC has been doing much to attractive businesses for their economy and it looks to have done well.

The members of the LLC are just going along for the ride. 

So much is going to ride on the ability of the builder to complete the building within 180 days. 

@Brad Seidel  I assume your Brother In Law wants to buy a home in Taylor to ride the value wave associated with the massive Samsung plant being built there. 

Blow out in time frame= more holding costsElectrician incompetent, had to sack him, which meant additional costs to complete the workThe upside-  prices kept riding,  yay, saved my sorry axxx.