I had to pass as there is no way I could get what I was asking for rent wise.

Don't be "penny wise and pound foolish."

I think it is wise to start small and close to home and to continue to do so until you have the resources to expand into other areas.

You will make many contacts that you other wise would not have.

I'm sure someone will post some wise words of wisdom shortly.  

Then to buy a house which I will rent out to keep me in gas money :) .I have cash for these projects but I need to trade wisely as it`s my life`s savings.Thanks in advance for all future advice and I hope to be of help to someone here in the future too.

Marketing wise I can devote up to $500 a month to obtain new clients. 1 client a month wouldnt be a bad thing.

Legal wise or tenant wise considering that all 3 units are occupied.

Weather wise I can't think of a better place to be all year round (except maybe those hot summer months!)  

I have a couple of questions:1) Is it wise for the borrower to contact the lending institution and change the address and addressee of the mortgage statement to the seller?