We are anticipating some sort of exodus at this point and budgeting for a few evictions, but are hopeful that a few will stay and the others won’t give us much trouble.

:D Somehow that thought never occurred to me during my college years :D Don’t get me wrong - I am not afraid of working hard and I don’t anticipate ever really retiring in the traditional sense (bingo and dinner at 5pm :D).

When inheriting someone else's end product, always anticipate higher maintenance costs.I agree with @Angelo Galeo, I would know the market very well before making that investment.  

The lot itself is also much more steep than I anticipated and would require considerably more grading and retaining wall than we care to take on. 

You're just holding less that you anticipated.

If not & the HD financing is available I would do a partial on both to get to the $50k you anticipate.

However, if you grow your business, then you should anticipate more licenses and more scrutiny.Rick

You can fill out a 593e form and only pay 9.3% of your anticipated profits.

My mind runs crazy sometimes and I can not help but anticipate a difference between Class C SFR and Class C MFR tenants. 

So far we've just been doing one at a time until we have enough of a down payment to have 2 properties, which I anticipate having once house #3 sells.