The price per unit ($40-70K depending on whether you count the unfinished units) combined with the size of the town that the property is in (3000) pretty well guarantees that this is not the type of market where a 3.6% CAP rate would make for a good investment.  

We both  believe that with her ability to find, analyze and identify the good deals along with my ability to walk into a property and identify any potential problems as well as costs associated with repairing it, I believe we have a good combination to start on this track.

After reading the UBG I instantly felt ready to dive into specifics and that my goals of becoming a successful investor were not only possible, but very much so achievable when you combine pure hard work, a desire to continually learn, and the ability to save some cash!

Some of them even write me the first check for the combination of the 1st 2 payments. 

Except your combining looking for property as part of your trip.

They pay a combined $12,000 per month.

As in, we will physically stop any situation where the dollar becomes worthless, and we have a larger military budget than the next dozen biggest countries combined.

To generate these figures, I combined the seller's proforma numbers with research of my own.

Look closely at section 5.062(a)(2): “An option to purchase real property that includes or is combined or executed concurrently with a residential lease agreement, together with the lease, is considered an executory contract for conveyance of real property.”The “180 days or less” exemption exists as an accommodation to real estate brokers, because otherwise the TREC 1-4 contract could violate this provision when combined with a TREC temporary lease....TX statute http://www.statutes.legis.state.tx.us/Docs/PR/htm/...

In my city a building permit for a $4.2M building would be $42k.As for finishes I prefer modern.