Due to the age of the building it is proving to be quite difficult (expensive) to move the units over to electric heat (only 60amp service).

I assume you're getting financing, and I know the lender I work with won't close a property without seeing the leases, a rent roll for 12 months, and a rental property verification form which outlines all the expenses and income related to the property.

We in fact need to have a formal TAS2012 review before we get our license.Your state's department which oversees aging and disabilities should have a website with their requirements.

Second tip: get some kind of trade knowledge or an education so you can do something else if you decide real estate is not for you.Third tip: don't be too locked into anything at your age.

Why should I list with you instead of somebody with more age/experience?

When I was your age I had small children too and was in graduate school , so I appreciate how thin you'll be stretched.

My first problem is determine the number to use for adjustments (Age, Lot size, BRs, patio, etc).

With some luck, they're in the wind and have abandoned this useless little parcel.Questions:  If I own all the tax certificates that are sufficiently aged to force a sale, and I choose not to force a sale, is my only risk that the owner will come back into the picture?  

But if you’re under age 59½ and your withdrawal dips into your earnings—in other words, if you withdraw more than you've contributed in total—you could be subject to both taxes and penalties on the earnings portion of the withdrawal."

Take the total equity they have in the property and compare it again the MLS recent sales for (age of building, square footage of building and rooms/bathrooms).