Easy peasy.Just make sure you include all the disclosures and addenda and review the sellers disclosures like property condition, lead paint, etc. 

@Jason DiClementeSounds easy enough.

I also agree that you want to find properties that are simple to take care of and easy to manage to start.  

This is a rental town, hence I'll have an easy time getting tenants and it comes with 2/3 units already occupied. 

It's really easy to hide things with a good paint job and flooring.- Home inspection, home inspection, home inspection.

If it was as easy as knowing exactly what the cap rate for each area is then it would be easy.

Any help on how this works, or even some links/books that can shed some light on a direction, and how this is done properly would be great....Thanks in advance to anyone taking the time to read my stuff and answer ;)

If Landlord exercises Landlord's Termination Option, and Tenant timely and properly surrenders the Retained Premises to Landlord on or before the Termination Date, Tenant shall not be obligated to pay the monthly installments of Monthly Base Rent and Deferred Monthly Payments that are due after the Termination Date."

@Sherry Norman You are lucky you cared enough to get proper representation.

Here in NE, $50k/unit is pretty easy to find for a solid C/B class.