Then start doing flips, buying notes, tax liens, and more to help increase your capital while the rentals provide a foundation to rely on in case a fix and flip goes bad.By the way if you plan on managing the property yourself, try using a service like cozy.co or something similar.  

Fifteen year lease with annual rent increases and lease backed by corporate.

If you are trying to do both cash flow and appreciation then you may want to sell it in the next 5-10 years and realize your increase in value and this would be more difficult in a "run down" property and it may not appreciate as much anyway.Another thing to keep in mind is that a more "run down" property will attract a less quality tenant which can create more stress and worry.

They gave loans to people who couldn't possibly repay those loans, especially when their adjustable rate mortgages increased. 

Although I do plan to sell within the next 3 years (military orders) I want to make sure I didn't make a terrible mistake by lowering my payments now just to save a few hundred dollars but increasing my total loan.

Downside is split single contract into two, double closing costs and increased mortgage insurance costs.MY QUESTION:Does this sound correct, or is the underwriter mistaken...Do multiple townhomes require their own individual loans for each single unit (even if apart of the same structure)?

The property needs about  $400k in repairs to increase the ARV to 1.5 mill - 1.7 mill.

The seller disclosed the long term leases on two of the units, but only provided the expired, 2 year old lease and the rental increase notices for the other two  and did not produce the additional long term leases that tenants shared with me.I'm in a bind here, I can't break the leases and can't stay in compliance with the loan terms.I've already reached out to my agent, who is fortunately a commercial brokerage with an attorney on staff, but have not heard back.

But don't waste too much time babying and pushing him to fit your standards. just do you even if it means cutting him mostly out of your life.

Goodman/Amana, Lennox/Armstrong/Concord, Trane/American Standard, Carrier/Payne/Bryant/Tempstar.Most internal HVAC equipment is made by fewer manufacturers...Emerson, Honeywell and Johnson Controls.IMO, the biggest difference is the installer and the reason why some brands get higher ratings by consumers is they are selective about who they allow to install their brands.Check out this link.