Look at their marketing strategy.

JUST SIMPLY SAY TO THE REALTOR- "HELLO MY NAME IS_ I AM A INVESTOR AND LOOKING TO BUY, FIX, AND SELL, I WANT TO MAKE $25,000 INTO $30,000, THIS IS NOT A LONG TERM STRATEGY,I'M LOOKING TO BE IN AND OUT OF THE DEAL QUICK." 

I will be interested in hearing your thoughts on if/how can I improve my strategy   

Our monthly operating expenses, including salaries for property manager, security,housekeeping, utilities, insurance/taxes range between $3500 - $4000 a month.

State Farm is dropping our apartment insurance policy for two 5-unit apartment buildings I am managing.

Have you thought about different strategies you'd be interested in when you're ready to start investing?

Look at their marketing strategy.

They took our family home threw us on the street when they hospital took our mother( unnecessary surgery took her life.the said they would help with transfer of title but we didn’t know it was fully paid threw her mortgage life insurance!

A formal assumption of the loan may be the right strategy here depending on their level of motivation and all of the circumstances.

What are some of the considerations or pitfalls to this strategy where we would start renting a single family residence out, then convert to our primary residence after ~5 years.