Sounds like you are well on your way and will be pulling the trigger soon, I think at this point you should have been able to conduct enough studies to determine the major challenges that exist as you define multi and single family.

Check with your lawyer to make sure anything you do is legal where you are (and doesn't somehow trigger a 1 yr lease)...Also, don't forget this is a business :)  Yes, it seems more complicated to ask someone to leave who is pregnant, but including that in the post suggests you are thinking like a friend, not a landlord.  

My girlfriend and I are in college have been grinding away at our wholesale business to pay for college by the time we graduate (we are currently both undergrads), we are meeting with a very motivated seller today, we have no experience.... are also thinking about using seller financing not just wholesaling as our options.Question: our area is very dead in terms of REI it is a college town so there are a lot of rentals but almost no flippers, we have an extremely low population (we are in the north country in upstate new york) and no REI meetings within 60 miles.

It is an extremely low maintenance property which is why I feel the risk is less. 

I am extremely excited to be a part of bigger Pockets investors group.

One of our clients recently used, HomeSmart Inspections and I was extremely impressed by the level of service they provided. 

Extremely high crime rate teamed with a number of distressed properties....

I am considering pulling the trigger on an offer on a B-/C+ triplex in greater Philadelphia (3.5% down via FHA loan) and was wondering if the good people here at BP would be able to evaluate where I'm at so far.

The place we typically use has $250 closing costs but is extremely conservative.

Hello GeorgeI congratulate you for even being in a position to think about purchasing an investment property but I think you would benefit more both short and long term if you improved your existing situation before you pulled the trigger on any type of purchase.First of all, your 600 FICO will make your decision as to which type of loan you want to proceed with a lot easier than you think.