NoI would assume at minimum 10k per unit of those 6, plus they are not even getting to the heart of the problem: what is the status of the BUILDING....?

Both towns have a lot of a potential - many young people moving in, lots of new tech and health industry, etc.

If your license is in an "inactive" status no disclosure necessary.

I had a private money investor that was ready to go in 50/50 but unfortunately he had some health issues to take care of.  

Your residents need to know that you (or your property manager) are keeping a watchful eye out on the property and aren't going to let the place go to junk status while they are living there. 

First I am working on regaining my credit status.

I have spent far too much time, energy and my health inside the corporate world doing for others rather than doing things that bring me joy with my family.Well, that's me in a nutshell...  

I'm looking to be able to quit my full time job and have real estate supplement my income, but I'm scared to go all in, especially with a young family and things like health insurance.I'm looking forward to expanding my knowledge and interacting with people here who've been successful in achieving financial independence through real estate!

Typically speaking, from a legal perspective, it depends on the terms of the lease and the local landlord/tenant laws as to the status of the tenancies upon transfer of ownership.

This would give the IRA an infusion of cash; however, those monthly mortgage payments need to be paid by the IRA, not the IRA owner.A prohibited transaction can cause the IRA to lose its tax deferred/exempt status, it will be distributed, the income will be taxable, there'll be an early distribution penalty if the owner is under 59 1/2, and there'll be a punitive excise tax on top of this for the PT.