@Kevin Ely You should be most concerned with #2.The reason B&H real estate is attractive is because you can safely leverage. 

Then MtGox pulled it's move and stole Millions in it (wonder what the value of that stolen wallet is today).

Knowing the local rents and quality of tenants the property will attract.

In particular, Lansing, South Holland and Dolton have some attractive opportunities. 

I ask this because as much as I'd like to give total responsibility to the old tenants, the system I use for background checks and all is cozy so I'd either have to provide my old tenants access to cozy or I'd have to screen the leads that they attract myself and then approve the good ones and relay that to my tenants.

This is what attracts sellers to FSBO.The flip side is that every study I've ever seen says that FSBO properties consistently sell for less than those marketed through agents, netting the seller less, even after paying commissions.Heck, even the FOUNDER of ForSaleByOwner.com tried to FSBO his home and failed. 

I have checked AVMs all suggest you need to price it attractively. 

This method of financing allows you to both make a more attractive all-cash offer to home sellers (giving them the confidence that a transaction will close), and put money right back in your pocket.Delayed financing allows you to use a cash-out refinance to obtain a mortgage and enjoy the flexibility of making long-term payments over a period of time, so you can avoid tying up all your savings in the home.Cash buyers can see benefits immediately.

I know this is what makes real estate such an attractive investment, because it's so easy to offset your tax burden by reinvesting in the property itself! 

The numbers look good, but I'm curious what type of tenants this will attract.