Even just looking at what has sold it's very difficult to find a comp on this particular house. 

Hi Patrick - I think the best way to familiarize yourself with a neighborhood is to first visit the area in the day and night to further define what you may call "safe".

You may have plaster and lathe instead of drywall, plumbing that consists of a hodgepodge of various outdated materials, who-knows-what kind of electrical components instead of a modern system designed to handle modern loads...

In Launch Control....how is a Market defined? 

Also, one of the most often overlooked components of a syndication is the reporting.

A town im looking at has defined a short term rental anything under 6 months.  

Probably need to have a an attorney review this anyway, but I guess I expected the contract to clearly define that.Do the contracts normally specify the timing of when an option can be exercised?

Have a solid operating agreement that clearly define what each person does in the business.

Great advice I got early on was to define my rental demographic and my first home I purchased years ago does not fall into that criteria 100% but close enough.

The big problem is that it is the mother of the tenants and, some might define, a plausible extension of the original tenant's household.