My wife and I are new to real estate investing but we have discussed our long term and important goals to us and decided last year on a long term hold investment strategy.

loving it guys... sharing experiences and opinions really helps the community great discussion so far.. guess I look at things slightly differently I would love a propert already cashflowing from the start guess it all comes down to what your comfortable with and if you trust the source of where those tenants came from

It would be great to hear from the community in terms of their opinion on turnkey vs. the specter of having to identify an out of state property, go through the purchase process, make it rent ready and then market for  a tenant.Regardless of how my foray into real estate investment pays out, it is always re-energizing to get on Bigger Pockets and absorb the wealth of knowledge available here.

Additionally, you may have to give a right of first refusal to the evicted tenant(s) to move back in if the re-rental is done within two years.  

(Also getting my RE license in Nov).

Seems like one of the most important people to have on your team is a good RE Attorney.

Please talk to a local CPA.In addition regarding the 2nd question if you can re-sale the tax deed certificate. 

I've thought about letting my loan float and re-lock, but that would cost even more than just extending the lock.My second question is regarding liability.  

So they could re-fi out immediately upon buying the properties and get their cash back.- Reduced transfer fees since the corp could be transferred in possession of all properties, instead of 5 individual transfers. 

Two landlords in town tell me they go all electric for the reasons discussed on these forums (one bill for tenant, one sec deposit, etc).My HVAC guy tells me 1-2 of the bedrooms will be difficult to maintain warmth and the cost to heat will be very expensive for electricity.