(I do have a really good credit score and history, at least 750) Will each 4-unit building generate $1,000 at least of cash flow given that we give it proper management/maintenance?

Just need to find out what paperwork is needed to proceed properly.  

There are a lot of things to consider, but if the building has been properly maintained over the years or professionally restored then there shouldn't be anything to be concerned about.  

I hope Jason gives the proper notice on his recorded phone calls, wiretapping can be a serious issue. :)

Mods, please feel free to delete this post as I am re-posting it in the proper section.  

Just make sure to properly clean and seal it (the existing floor) so that the adhesive will properly stick to both floor and vinyl planks.  

That can be an overlooked cost if they are not metered properly. 

I have heard way too many stories of landlords not handling a security deposit properly and if the judge finds out about this during an eviction you could be ordered to pay the tenant 3X the amount of the deposit in damages. 

Having been a high volume REO agent in the past I can concur there are many details involved that must be transacted properly on both sides of the transaction in order for the seller to substantiate taking what is more often than not a serious loss of capital.  

This common use area was great for us, but now I have huge space that I am not collecting rent on.2.Not properly vetting my property manager.