Now i sit here writing this post wanting to learn more and get help in buying  a multifamily home. 

Just "write the check" and we won't come after you.

I think you'd still want to write 'subject to appraisal' though, just in case.  

Richard, i think that is a great thing to do for your parents and is a good plan. if you have any siblings, just make sure you get everything in writing about the deal and that you will pay off the debt in the mean time and that it will be yours, just to avoid any future arguments. 

That said, regardless of how you learn, it's important to reach out to people who are interviewed, write the books, do the deals locally, etc. and get to know them and their biz model better than passively listening or reading about it.

People will write off everything in E Saint Paul because its a "bad" area, but its as large as a small city, so there are some great neighborhoods and some terrible neighborhoods.I think the major competitive advantage in the Twin Cities is that its very steady.

We would like to add a clause that states something to the effect of:   "Your application may be denied if you or anyone residing on premise weighs over 300 Pounds.Any advice as to the proper way to write this statement?

I write all this out showing them the numbers.

What are some examples of what you write?

Use the BP calculator :-).  2)  Do not buy in the ghetto because the numbers look good3)  Write down your screening process  - this is your most crucial key to success and less headaches4)  Deliver the best rental product   - new appliances, toilets, vanities, paint, fans, clean the A/C and exhaust vents  - this is your second key to success and less headaches5)  Get a good lease  - I can share mineIMHO, I think MFs are overpriced right now.