Hmmm, think I got caught in the site update ;-) That explains it!

For years i worked with agents who would push the appreciation as part of the reason to purchase (during the boom) i explained the numbers dont make sense and i am a buy and hold guy...

Best thing you could do really is talk to the seller and explain to them the repairs it would need and try to get them to come off the price.

Some such as tile, tree removal, and plumbing will be contracted.The new bank I am working with is a community bank and they explained the interest only loan as a "construction like loan" if after 6 months, I wont be able to use the FHA loan I will shop around for better rates.I have been here for 10 years I am  more than "eligible" for orders.

Can you explain what the benefits are for having a primary tenant? 

Contact them, explain your situation and see what they say. 

Call around to both roofers and general contractors, explain the situation and eventually you should find someone who will do that type of project.

Please explain why or why not.  

Master Lease", the way I have heard it explained by David Tilney is that you lease the property from him from him and take a % of the money you collect. 

Sorry Account Closed , I wasn't meaning to compare those two cities, I was just trying to explain why I personally like Dallas and Atlanta over other "hot" markets from a demographics point of view.