I have noticed that a lot of successful investors on BP try and shoot for a minimum of 11%-15% Cash on Cash ROI and try to get anywhere between $100 to $300 per door.  

IMO if you absolutely positively have to play in sub$50K, buy a well-vetted 8+ unit (preferably 50+) multifamily property that is $50K per door and bring in professional property managers.

What I've noticed is that in general, people are not really getting their money's worth out of major remodels in the lower end condo areas.

If it's to your buyer,  then you can only represent his position, that being that he would like to extend the contract and close on the house.

Also, given your high level of income, I'd posit you don't want to buy a business.

Copy of all paperwork for this tenant, lease, notices, move-outs,, service records for maintenance issues. 

I would shy away from using student loans, there's usually wording in them that specifies what the money can go towards, and you would be borrowing money in order to borrow money, that is a very leveraged position.

When that position is "in house" it's easier to train them to produce the results we expect with a partial re-paint.

I currently live in New Hampshire, and have one cash-flow positive duplex- which I scrimped and saved years for while building credit.

.) - providing notices for evictionWhatever it may be, I want to hear it.And thank you to everyone who shares with me.