In a mature subdivision you can do that and when there are sufficient homes to ensure that three sale do not skew the analysis.For example, in a new subdivision, where 4 out of 30 lots were built and sold are not good comps for the 5th house, 2 comps in that subdivison might be used with another from the neighborhood.A neighborhood is not necessairly a subdivision, it is a generally more of the soci-economic area identifed by similar attributes.

That said, the key is that you need to actually find those 15% investments and manage them well enough to ensure that they continue to return at least 15% into perpetuity...With some experience in REI, this shouldn't be too difficult in today's market; just make sure you have some knowledge and experience before committing all your cash.

I thought conservatives were supposed to be big on ensuring that the government doesn't use its power to suppress the Constitutional rights and civil liberties of its people...Though if you believe Tim, shooting an unarmed, handcuffed guy in the back is not really a violation of any rights or liberties if the person doing the shooting is in a high-risk job and has to wear a bullet-proof vest to work every day.

Finally, who is responsible for ensuring state landlord/tenant laws are followed - me or the PM (or both?).

What can you tell me about finding lot's, possibly having them lumped into 1, and ensuring that the zoning is appropriate for the type of goal I am trying to achieve?

I've made a "reasonable" effort to ensure the house was safe.I'm not sure people who do the work themselves could say that if they're not licensed and if no inspection was done.

If you can get your desired profit while selling at a slightly less than otherwise desired resale price, you can reduce your DOM and help ensure you won't be one of those 'stuck' properties.

(I also always recommend ensuring your Offers would gain you plenty of additional equity). 

But when it comes down to it, there would need to be a proper system set up to ensure that both parties are putting in equal amount of work and are both motivated to do more than agreed upon. 

I am not sure what the timing requirements are in your area, but I would let them complete the move in inspection form (so they can't dispute items to a judge and claim you filled out the form), and I would take my time to evaluate the unit upon their move out to ensure that they aren't leaving me with issues that I didn't notice when quickly walking through.