Even fully rented it would barely break even.

I wouldn't let a bank appraisal that is only 1% below the agreed on price break the deal.

If not, you should allow her to break the lease and potentially help her move (make the seller give you a credit or have them handle as a condition to close). 

Gotta break out your crystal ball for that one.

I believe it's in chapter 8 or 9 that he talks about what his strategy is for breaking in to new areas.

The challenges are:Condo association may not allow you to rent them or only allow for certain amount of time.Association fees eat into your cashflow and if they get raised or there is a special assessment there's nothing you can do.If there's a problem with the tenant and they break one of a hundred association rules, you're caught between them and the association.

We do not want to break any fair housing laws by passing a family up to sign with college students.

wanted to see if any one had a recommendation for where I might find some educational material I can use that breaks down the terms involved with a commercial 'flip' loan (not hard money), both whats involved (i.e., what the commercial lender will look for v. residential lender), the terms that are often involved and what they mean in laymen's words, the various ways they are often structured (i.e., 75% purchase price w/ 100% construction +contingency, etc. etc.) various fee's typically charged and which are negotiable, escrow carrying costs, on and onwas hoping to find some material all ready together on this...tried doing a basic search but didn't see a whole lot.thanks

A few days ago, the tenants at a SFH contacted me saying they have no running water and the pump just kept running until they switched off the break.

When this plumbing is broke, it could break anywhere along the pipe and cause major ceiling damage or flooding to the home in excess of the cost to replace with more reliable pipes.