Now that I'm back I'm ready to get on the grind and find a spot.

No one wants to live somewhere with lots of noise pollution!  

Thanks for the reply @Steve G.I appreciate your offer for further guidance in regards to wholesaling.That's the way that I think about it to; you get what you pay for. 5K seems relatively inexpensive if I can make 3X that or more (conservatively) if I follow the advice and hit the grind.

They lost the right to lease from the people who made noises and police raid.

How do you deal with internal conflicts among tenants (cleanliness in common areas, noise, etc.)Any other comments/info would be greatly appreciated!

I'll be at Grind Break at 114 1st St W, Humble, TX from about 5:00 - 7:00 on Wednesday. 

Still grinding for goals!

I also consider tenant behavior: do they pay on time, lease violations, noise complaints from neighbors, etc.

(and get pillows thrown at me by my wife because I type to loud... shhh, you guys are making to much noise!)

Cure or Quit usually involves some sort of lease breech (be it: noise, rule breaking, not being clean, etc.) and the tenant is given a certain amount of time to do those things (varying by state) and the last one is basically saying, "GET OUT!"