Welcome Stan- there's a lot to consider, and a wide world of investing beyond Silicon Valley.

Then the Army wanted to talk to me saying President Johnston needed soldiers for his war. 

Although, it could be a little more flexible it, it is widely accepted and is the standard.

My husband and I are closing on a great deal next week, and it's got ramps, extra wide hallways and an outdated transportation rail.

The expenses as a % of rental income will vary widely.

It already has a run down single wide, which is a lost cause and a nice metal hoover building in the back.

As for some of the other commenters here, the idea is this:Buy a small multifamily in year 1Buy a larger multifamily in year 2Buy a great, large, nice multifamily in year 3Buy a small commercial property in year 4Buy a larger commercial property in year 5This is to be done with conventional financing, using cash flows from previous investments, and is in contrast to the widely popular strategy of accumulating SFRs in the manner described below:Buy 1 SFR in year 1Buy 2 SFRs in year 2Buy 3 SFRs in year 3Buy 4 SFRs in year 4Buy 5 SFRs in year 5I know that real estate doesn't work out exactly like this, but please understand the argument that I'm trying to grasp are the economic advantages of purchasing a large number of SFRs, vs buying just 1 property or so per year, but buying larger and larger each time, snowballing NOT into a vast number of houses, but instead into an equivalently large dollar volume of real estate assets, but with fewer properties that offer economies of scale.

My main problem is that the comps in the area range from ~470k to 590k which is far to wide a margin to really run my numbers with any degree of confidence.

I go into it eyes wide open and get approval before doing the work.  

Hi @Matt Kampf it seems like you are going into the situation with your eyes wide opened so I wish you the best and by the way people steal A/Cs from anywhere good and bad NBHDs lol.