This is in a town of 4K, and finding good help to do the work has been a challenge...

If they would be willing to guide and challenge me, I ensure to be  an eager-to-learn, highly motivated student.

Because they posted a minimum bid amount, does this assure me the two-thirds rule is satisfied?

Shefali - another option is a holdback escrow agreement wherein the seller deposits an amount from the sales proceeds at closing to satisfy the lien if it turn out it was not paid.

Here in London, stuff around the university is more costly but demands higher rent than the college.Having 5 people on a lease is also a challenge. 

I expect it to take a little bit to get rolling but I am in this for the long haul and look forward to the challenges and rewards that are in store for me.

Maybe also wedding receptions, although parking is a challenge.

I would greatly appreciate thoughts and opinions.3 1-bedroom units - rented at $600 each3 2-bedroom units - rented at $700 eachGross monthly income - $3,900Asking Price: $350,000Owner pays water - estimated at $240/monthMy biggest challenge was estimating insurance so I took a guess and put it at $250/month.

Save the receipts just in case you are challenged by the tenant in small claims court.  

The biggest challenge I run into is getting my customers approved for a construction loan.