However, wanted to ensure I'm not wasting his time or mine.Any input is appreciated.

How can I ensure the numbers are legit?

What are your investing goalsPensacola is a great market but, as others have mentioned, you will want a great team on the ground here to ensure your success!

By understanding their rights, tenants can ensure that they are treated fairly and respectfully.

My word of caution, be careful of overleverage and ensure that all properties cashflow very well. 

The monthly salary evens out his cash flow and the commissions ensure that his incentives are aligned with mine (we both want to make as much profit as possible).

When rehabbing a property out of state, it's important to carefully verify the work of any contractors you hire to ensure that the work is being completed to your standards and specifications.

Did you keep saving before buying a Rehab to ensure you had the capital upfront for both the down-payment and the rehab?

This just means that 75% of the rents of all units (all 3 or all 4 of the units) must be equal to or greater than your entire monthly payment to ensure FHA will be sufficient should anything happen to your ability to pay for this property (if they take it back the property as a foreclosure/REO).In more expensive west or east coast markets it will be hard to make the FHA SS rule right now given that the rates are in the 6-7% range so I would recommend targeting 1-2 unit FHA properties. 

This will allow you to ensure that the rehab is done to a level that you are comfortable with and will ensure some accountability with the construction company.