Basically I am perfectly fine with him not selling it right now i just want to be the person that has the option to buy when he does..thanks for any help

Basically every single inch of the place is in horrinle condition.

All, based on basic math. 

hi girlie... im in the Atlanta area and I'm familiar with that side of town private message me with your number or I'll give you my number it's a lot of things you need to look at and it's kind of too long to type hair basically in a lot of cases for buy-and-hold the amount that you should be getting for the rent should be equal or greater to 1% of your all-in price that includes purchase and repairs if you want me to elaborate I'll be happy to help

Basically they have control to live the dream life on their own terms.

Here are some basic reports to get your started.

For example, if the required front setback is 25 feet, and the required width of the lot is 50 feet, but the existing home has a setback of 23 feet and the lot is 40 feet wide, these are "existing conditions" that wouldn't be an issue for the city.

After taking into account an increase to 8% for vacancy and 10% for CapX you're basically just buying cash flow.

My main concern is converge for wind / hail / storm damage.I think a basic umbrella for personal / extending it to the property's would be adequate.Anyone else consolidated under one main policy and then actually had to DEAL with a claim?

Also, if you chose a detailed rental agreement or more of a basic one?