So I guess this confirms your post that it is taking a while to rent in Lawrenceville.

Next, and what I say will always be weighted towards what I know so forgive me if it's another mortgage thing, coming this summer PITI reserve requirements will change for REI.

I asked him to circle back to it later in the conversation to confirm what I heard and then penciled in a followup the following week just to focus on that.  

When I purchase a new property, I put 3 months of expenses (PITI) into reserves.

Me personally depending on the deal I will start title as soon as I have a signed contract or after I have confirmed rehab numbers with a contractor.

You absolutely have to reserve for vacancies and maintenance.

You confirmed what I was thinking.  

I have cash reserves, but not enough to buy a fixer upper unless I take a loan against my retirement funds.I have been looking at locations in WA state, and in places I have family/friends. 

Generally occupancy limits apply to hud housing or to care facilities and would not apply to your situation (check with your state law to confirm). 

Actually, not sure if that last part is true - can someone here with knowledge of foreclosure confirm if the seller's record is clear if the sale is avoided?