Furthermore, a property might only bring in $100/mo in positive cash flow, but it could have a really high cap rate if you got a great deal and have a good bank lined up to for your refi.On the flip side, I've also wholesaled properties to foreign investors with a < 5% cap rate...While it seems absurdly low to some, there are people out there who just prefer to park their money in something in the US, and that trumps all other metrics.

It gets it’s name because preferred equity holders have a preferred right to payments over regular equity holders.

I will check the 60 days notice thing.Yes, I would definitely prefer new tenants.  

I was wondering if anyone on here has a preference or recommendation as to which of these would be preferable or any one elses take on my whole idea.

You should already know not only what types of deals they're looking for (fix & flip, commercial, raw land, etc), but also what areas they prefer to buy in (and which areas they absolutely will NOT buy in), what their price ranges are, what level of rehab they are comfortable with, how they will be financing their purchases, how often they buy, if they're open to seller financing, how much profit they're looking to make per deal, their desired cap rate or ROI, how many units or how many beds/baths, etc etc etc.You should ask every potential buyer all those things when they first ask to be put on your list. 

I buy, fix up (if needed), and rent out as my preferred model.  

I would prefer to avoid using owner occupied loans, but if worse came to worse, I'd do it.I could get a loan with a PMI as well. 

I know personally my tenants prefer central as it's cheaper on their monthly bill.

Ryan D. and others:The following applies to property you find or we give to you.Based on your preference, you can...1) inspect & photograph2) buy and flip 3) buy and fix4) buy and hold5) otherBefore and after you choose, we can agree on a written compensation agreement.- J Johnsonhttp://properties.healthcare-online-education.org/

One of those risks is a bit much for my taste, but two is simply too much.Take your extra 25k, and put that into an additional property.