One way to minimize risk is to wait for the "blood in the streets" phase to run its course.Brazil right now is heading that way. 

-Monthly rent for each unit is about $1200/mo with the possibility of finishing the attic, either as a 3rd unit to rent at 1000/mo or for more bedrooms...so minimal gross income is at $2400/mo.

" It reminds me of One of my favorite stories when a young entrepreneur pitches a wealthy venture capitalist with his new business idea.

It's a smaller purchase price, so the down payment was pretty minimal.

Basically, there are a lot of ways to determine what your salary "should be" to both maximize tax benefits and minimize audit risk, but nobody here can tell you what that specific number is.

It was built in 1971 and has only had minimal updates since then.  

.): The distance from the property line of the front and side walls, porches, and exterior features of any proposed new construction must be compatible with the distance from the property line of similar elements of existing contributing structures in the context area.The exterior features of new construction must be compatible with the exterior features of existing contributing structures in the context area.The scale and proportions of the new construction, including the relationship of the width, overall height, eave height, foundation height, porch height, roof shape and roof pitch, and other dimensions to each other, must be compatible with the typical scale and proportions of existing contributing structures in the context area unless special circumstances, such as an atypical use, location or lot size, warrant an atypical scale and proportions.The height of the new construction must not be taller than the typical height of existing contributing structures in the context areas unless special circumstances , such as an atypical use, location or lot size warrant an atypical height, except that:a.design guidelines for an individual historic district may provide that a new construction with two stories may be constructed in a context area with only one-story contributing structures as long as the first story of the new construction has proportions compatible with the contributing structures in the context area, and the second story has similar proportions to the first story; andb.

Change of ownership can already trigger tenants leaving (i.e. vacancy for you) and if you're only talking about $25/month each, that's very minimal.

You do not try to convince people to sell, no sales pitch, just an introduction, what you do and  what you are about.

Beware of the sales pitches to hook you, but then they dont deliver when it counts.Giana has an accounting background, so she will manage the funds appropriately and is an extremely organized person.