Moreover, without a solid W-2, you're probably going to be dead in the water unless you come through with another way to satisfy traditional lending requirements.

I'm going to move and will be in a location where I can easily invest in a few MSA's within easy driving distance.The challenge to getting a solid handle on what those MSA's are doing overall is finding decent data: it's either for a single point-in-time (not showing year-over-year trends), dated, not reputable/no idea where it comes from, or too much money to take a chance on it answering my questions.Any recommendations?

One problem you will run into if doing a $70K cosmetic renovation on a 5-plex in Old Louisville is that tenants who are attracted to the area and are willing to pay top dollar want the following:-Original historic charm (No covering up original wood floors, trim, etc)-Central heat and air (their own system, not shared)-Newer electric-Laundry and off-street parkingIf this happens to be the 5-plex on Ormsby, you may want to do some more digging on whether it is actually a 5-plex and if the basement unit can be legally used as an apartment or not. 

I’m currently paying 7K out of pocket on my Dallas GA property for a new roof as the gutters were not cleaned out and the roof paid the price as rain water made its way inside from the water filled gutters that were not draining properly causing damage to the wood and leaking through the upstairs bathroom. 

Im thinking its a pretty solid deal and I was relatively conservative with pricing.

Keep it on the wood setting for all mtrls.  

Make sure you have a solid understanding of the finances/math involved. 

I have considered the electrical lines etc. nothing is in the way, besides a wood fence (I own) that I dont mind breaking. 

@Marci Stein Agree completely with Benjamin - maybe this is something that is acceptable in your neck of the woods, but it would definitely cause ME to walk...  

If however; the land development deals are solid deals, they should sell.