Not every LO will get exercised and not every re-LO will get covered by the option fee.I don't know if you have done this already, but that's the start of how to match up your operations with the realities @Jay Hinrichs and @Serge S. have talked about and get a solid idea of what level of reserves you need.

Then pick the cream of the crop. 

The house has issues.....but so do the tenants.Wood shavings?

Some only want the cream. 

***I have about 5-7 lbs to lose and cookies, candy, ice cream is my drug!

The 20's have a few vacancies.Price $20/$30/$40.

Have you verified their names with those on the lease(s)? Have

I live in a great neighborhood with good access to to downtown and the mountains, and shaving $$$ off my mortgage while also investing in RE!

Yesterday after assembling the glass corner shower kit, I hopped on my bicycle to roll down the street to get ice cream at the local creamery and whammo, chain locked up and over the front of the bars I went.

Like Justin said, don't limit yourself to 3/2's some of these 3/1 or 1.5's have potential to be converted into 3/2's.