So far with my research it seems that single family homes or multi family homes are my best bet right now. 

I would say that your best bet would be to analyze the rental cost of  a few areas and also pay close attention to growth of population and workforce as well as schools.

I'm a licensed agent that works mainly with distressed residential properties. Lately, I feel like I've been moving more and more inventory in West Philly so I consulted the magical google machine. I found this articl...

I'm not personally interested in their techniques or their patent because I'm willing to bet that 6 months from now, something new & improved will hit the market but it would make for interesting discussion among this forum.

Sometimes FHA makes sense and sometimes the others are your better bet. 

The PM situation isn’t great in Evansville, but those are probably your best bet.

I'm definitely not a tax expert and given the amount of money in question here your best bet is to consult a tax expert.  

I bet it would cost $250ish/door to get them stripped (by dipping) and then refinished.

That is a busy area and I bet the road noise is obnoxious.3.

I have held a lot of jobs and never have gotten more satisfaction knowing that everything I do is for me  and my families' future than right now (yes I know I am selfish).I say if you are hesitant and waiting for that perfect moment just stop an place a bet on yourself and you will surprise yourself at how much you can accomplish.