That generally is enough to generate a ball park idea of value based on the NOI (net operating income) and whatever cap rate that type of property in that sub market is trading.

Looking to do individual leases per bedroom and include basic furniture and home itens.

The properties are held individually with me and a partner.

The analysis isn't quite as straightforward as looking at each individual deal and seeing if the cash flow is positive on individual properties unless you're planning on only purchasing a single property.  

We were complaining about the bad cell reception in our house so the cell phone company told us they could put a tower on our land for $800/month. check if that land generates income or can generate income for you.

That is a silly practice that I see from time to time and truth be told would you offer money on something that you have no idea what income it's generating? 

I am an extremely motivated individual that enjoys challenges.Just flat out, are there too many liability issues to having me tag along and help out that would prevent me from being able to obtain this goal?

We are now beginning to look for property #2 which will be a multifamily deal.We have a long term buy and hold strategy in multifamily and single family properties with the intent to make generational wealth for our families.

I generally send the same letter that I send to individuals except that instead of "Dear James" I'll address it to "Dear 123 Family Trust".

My main goal from this endeavor was to keep an invaluable asset (the house and land) in the family to create trans-generational wealth for my family.