If you can, you want separate areas in the basement and backyard so each tenant can have a plot of their own for laundry, storage, or yard.

Texas summer is extremely hot and it was kept in a small storage in the backyard. 

I did a couple loads to a storage locker close by.I then moved all her stuff in the front yard, took her a tour of the house make sure we were done then took the key locked the door.Most people don’t need such help but she could have been a fixture just stuck there causing me issues with court costs.

If I were in your shoes I would consider investing out of state if you can get that kind of cashflow elsewhere for less equity in the property, you're increasing your return.

Quick numbers (rounded) so everyone can get a better idea.Purchase: 116,000Rehab: 200,000 - 225,000 (basically a full gut / no extensions or additions)5 Units:  One 1B/Ba  (rent 850) , Four 2B/1Ba (rent 1100)Adding Coin Laundry, Storage Units ARV : 460,000 (conservatively based on income as it's a 5 unit)Any thoughts?

The basement unit had been used as storage and molded so no one has rented it out.

Is this is a cancel everything, jump in the car and go see it deal (5 hour round trip) or a put on track shoes and run away screaming deal, or somewhere in between?

Cosmetic upgrades: flooring, interior/exterior paint, trims, moldings, quarts kitchen tops, added a new gas range & vent, added kitchen countertops and storage, light landscaping. lot size is .25 acre so we added a 6ft fence to give new homeowners privacy. converted carport into a garage w/ rollup.

Cosmetic upgrades: flooring, interior/exterior paint, trims, moldings, quarts kitchen tops, added a new gas range & vent, added kitchen countertops and storage, light landscaping. lot size is .25 acre so we added a 6ft fence to give new homeowners privacy. converted carport into a garage w/ rollup.

If you put yourself in the lender's shoes, I think you will easily see the problem.