There are 4 grown children that will share equally in the estate that consists of the residence worth approx. 320,000 to 350,000 and 20,000 in government bonds.

Most Inspectors and appraisers will look at your" conversion" for what it is: Cheaper to install- "make-Do" .Total Electric concept is consistant with energy efficient,well insulated newer construction!

See if what the pro-forma indicates is consistent with the stuff that's easy to verify.-  If the seller appears to be truthful on his pro-forma, write up an offer based on the pro-forma numbers.  

Electronic methods are not necessarily embraced by all tenants, especially older tenants, and with a larger number of tenants consistency simplifies the banking and book keeping.I never have a late payment from any tenant. 

Just remember to not become complacent and fall in love with the consistent high paying salary, remind yourself daily this is a temporary step to your ultimate goal of being a full time entrepreneur/real estate investor...

I talked to him after the meeting, and SA is supposedly the slow, steady, consistent one in TX.  

If so, Are you SURE it'll consistently cash flow positively?

If he is not punctual paying rent I would have terminated him for consistent late payment.

It will likely get consistent minor appreciation numbers over the long-term.

Knowing this should help me improve my offerings and do more deals.If the house looks clean and livable do you upgrade the cosmetics when the comps show these cosmetics to be consistent?