Let's also say for instance her delinquent thug of a grandson comes over and visits frequently, with a group of his "friends" and eventually threatens the life of one of your other tenants, leading to many phone calls, police visits and filing reports, etc.

I had previously thought of purchasing in another state like North Carolina or Ohio, but this a better idea due to being close enough where I can visit frequently, and it's a place I can live in myself one day.My question is, what are some things to consider before I look to buy a home in another city?

Interview several so that you can compare before making a final decision and good synergy is a must!

I feel like I must have misunderstood somewhere down the line.

My typical lender sent over these refinancing requirements, and I'm not sure they are typical:1.You must have 6 months in reserves for the subject property and an additional 2 months reserves for every other property you own.2.You can have a total of 6 properties financed.3.On a refinance the loan-to-value must be below 75%.4.There is a minimum loan amount of $50,000.Let me know if I'm way off base or seem to be missing something.

If you take an assignment fee, all fees MUST go through your broker or that would be prohibited and brokering without a license. 

Plus, the credit score must be at least 600.

AFTER the tax sale, the prior owner must go through a myriad of procedures to challenge it and they must have a legitimate reason to do so (like they actually paid all the taxes before the sale but the sale accidentally still went on, the sale was improper, etc). 

My visits in San Francisco and Washington DC last year have definitley opened my eyes to what expensive real estate can look like, even smaller homes that are far from luxurious.

Terminating a leaseTo get out of a housing lease, under the relief act and without penalty, you must: Prove you signed the lease before you entered active duty, and that you will remain on active duty for a minimum of 90 days.Provide your landlord written notice of your intent to break the lease and a copy of your military orders, ideally no fewer than 30 days in advance.If you signed a lease or rental agreement after you began active-duty service, you may still be able to terminate it without penalty under the relief act if you: Received permanent change of station or deployment orders that will last for more than 90 daysProvide written notice to your landlord and a copy of your orders, preferably with at least a 30-day noticeIf you are successful, your lease should end 30 days after your next monthly rent payment is due.