Buy the best you can afford do not get sucked into the highest returns those are generally the most risky and the returns are only on paper you never actually realize them.. buy a nice home at the top of the range not the bottom and you will be much better off... property management will make or break the investment so make sure you good with that.

I look forward to discussing the unique markets and strategies used within to become an affluent investor, even within the more rural areas.

Don't think it can't happen.With long-term rates for residential investment properties in the 5 to 6% range right now, it would be much safer to lock these in immediately than wait and hope to get them anyway when you refinance.

Prices in our area range from $900-1400.

If you don't understand something, bigger companies have enough man power to answer the question and when you get the info you need you can come back to less expensive contractors and negotiate with them, if they are within the range.

I know this is probably elementary for most people here but I want to make sure I do this correctly.My day job puts me in the unique position of seeing lots of distressed houses all over central FL which seem to be abandoned.

When I look online I see nearby duplexes that have sold at a price that would substantiate my value in the $180k-$200k range. 

My 20% Ownership of Annual Receivables:  $4,800 to $6240Additionally, I would receive 20% of the property value (minus land)  (which would vary depending on CAP rate but in the range of ~$100K to $117K. 

I would guess he is expecting something around the $470K range?

I didn't see, but do you typically charge points and have a range for the interest rates?