However, my actual take-home income is much higher than what tax records would reflect.

Reflective of the percentages represented in the purchase.

If the owner decides to sell, the "comps" will not reflect the improvements to these homes and it will be hard for retail buyer to get the needed appraisal.

@Tariq Bahay  One of the benefits of experience is reflection on the things that did NOT go as planned. 

Second option only if perspective costs are reflected in the monthly rent.

And, no, I don't use weasel clauses as eventually that's a reflection on your ability to do deals

Well, this time delay is why they are taking so long to reflect the downturn in the current market.

Reflecting on my first few posts I think they weren't all that personable.

@Valerie S. as all the posts above reflect, this is normal. 

And I'm not talking anything even remotely resembling a "war zone".I plan to stick with middle income areas where the underlying demographics and culture pretty much reflect the national average.