However they will do 70% of the value no repair costs included.  

The postcards where about $800 for 5000 but included the first mailing postage.

The only wildcard would be the homes, which would have to be worth $4,000 each to make up the difference but, regardless, the bank appraiser would not include the income from them, anyway.However, the big question is what the market lot rent is.

@Joseph YoungIn my experience billboards are always included in the NOI number which is then divided by the cap rate to give you a rough estimate of value, so to answer you question in short yes it should be included.At the end of the day, real estate has to be looked at as an investment you're buying today cash flow for tomorrow.

My motivation to buy my primary residence would include these reasons:1) stop renting / making my landlord rich2) find a bigger place, that I could see my family in for 10 years3) benefit from rising home prices rather than missing out, or worse being a victim of it (in the form of increased rents)4) build equity, get tax write off That's not to say renting is without its benefits.

The home needs a lot of work, including lead paint removal, some asbestos removal (don't know of the extent yet but I'm planning for the worst), new roof, new siding, rewiring, and an interior gut and reno (kitchens, bathrooms, etc).

No big deal, I included that in the contract and then also disclosed that I was an agent acting on my own behalf.

I really like the images included at the bottom of the automatically generated expense reports. 

Currently it could be rented for 6k all included and I have told the owner that I can pay him same amount with option to purchase it within 1 year. 

Notify her that her contract is terminated for various reasons including failure to deposit your money and respond to your contacts.