Anyone out there with local knowledge that I can talk to about this? 

You have to analyze a property and, after knowing (or assuming to the best of your knowledge) your net income, then make an offer that works for you. 

That's going to be the second thing I research and use this site for now that I've got some more knowledge on how to proceed with my crap credit. 

I couldn't be more excited as my adventure and knowledge base all started here with BiggerPockets and the fine hosts and guests of the podcast.

Thus the ROI and property appreciation have kept me very happy with the business.I've been lurking in these forums for a few weeks now and decided to start sharing some of my knowledge from the past few years as well as getting more knowledge for the future. 

I’m no pro on 1031, but to my knowledge you can spread it multiple properties. 

Its confidence in the value of the market and ideally that confidence needs to be backed by historical trends and data plus some knowledge about the area of investment and its evolution. 

I have a wealth of construction experience and knowledge and enjoy doing the renovations myself.

If you have a lot of decent contractors, cash to invest until refi,  and time for       renovations property  projects - cash to refi within 1 year ( must have a lot knowledge       of local area )2.) 

Welcome aboard.I would definitely get as much knowledge as you can and explain it to her.