Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

Take Microsoft, for example.

If solid comps are showing 120k, you should be good, "if" you have solid rehab numbers.When I run numbers for a flip, I take the worst case scenario on everything, then if I still have 20k profit(after commissions, holding costs, insurance, closing assistance) I will proceed. 

As people transition to our area, they book our place to coincide with completing construction, sale/purchase of housing, etc…so, #1 location#2, growth of the economy, influx of jobs, etc#3, don’t laugh…have your house well decorated and take pro pictures to share.  

Good luck Thank you for taking the time to reply, and for your general optimism. 

Thanks for taking the time to share!

Why'd you take a balloon instead of straight 30-year fixed?

If you really see potential and like the overall quality of the property you may need to get creative on making sure you're covered if the units take longer to lease there. 

I am planning on putting down 30% and take loan on the rest.

I was thinking of doing some creative finance: Maybe offering to take all three properties off of their hands with a lease to own, so I don't tie up all my money.