I am not sure if an attorney review will help with this, specific, basic level of knowledge.Just like an attorney likely won't call out, from a legal perspective, that you are investing with a sponsor who is 23 yrs old and been a residential loan underwriter for 8 months before trying to piece together a syndication.  

I personally use Buildium but I'm always looking out for new features and pricing models from the others.

Get out of your comfort zone.

It *should* appreciate by more than I’m paying out of pocket for the year ($27,500 vs $12-18,000).Meanwhile, I’m looking at getting a construction loan for the other two lots.

👊Best of luck and stay safe out there!

I am starting out later in life (age 50) and looking to have some passive cash flow and hoping for appreciation over time. 

If you have $50k to $100k to invest, that is going to be more than enough to invest in a good out of state market.

But my question is if this is correct, what should I put the sq ft of the house when I put it out for rental?

I personally owned in the historic northeast and had great cashflow and never had crime issues and that was on the "bad" side of Independence Blvd when I was still out of state! 

Maybe you could fill us in on the particulars of the deal.This place looks really nice.You bought 168 units for 30,000 out of pocket?????