One thing to remember is these devices (most of them) will require strong internet connections.

@Bradley DoschI strongly agree firm believer is a must , the process it’s the training to the real state 

But I also feel strongly that it would be foolish on my part to just start making deals for hundreds of thousands of dollars having no clue at all what I'm doing or what anyone in the room is talking about.

You have a strong emotional connection to the property? 

If you want strong potential for appreciation, Decatur is not the area in North Alabama you should be looking at.  

I'll definitely need her to partner and owner finance in some capacity and in since I'm not strong with capital (yet), I want to show up as buttoned up as possible.My question is how to come up with a rough sketch of projected operating costs? 

Bottom line - I've seen people with strong opinions both ways and you'd need to have a lawyer research this to get a definite answer.

That's a bad investment decision.Tenant 2 doesn't have a strong background.

So if there is greater potential  appreciation and more cash flow in SFs than MFs, is there really a strong argument for MFs over SFs in SA?

We had the cash and it created a strong offer.