R&M / Capex : The building appears to be in okay shape from the pics but one heavy turnover can easily cost $3-5k or more.

If the buyer's payment is at least enough to cover your payment and taxes and insurance, you are good to go.

Don't forget about utilities (if you plan on covering any.)

I believe Civil Court in Marion county covers all evictions but I will do some research there for sure.

Make sure your insurance will cover you in this aspect, some carriers do not (they'll cover everything else, just not the pool).

Once stocks become popular and liquid enough their correlation with each other really starts to steepen.I keep just enough reserves to cover worst-case scenarios with my RE holdings and they're held through a mixture of diversified assets. 

If the calculation is equal to 1 then you are not making money, 1 represents that you have enough cash flow to cover your dept. less than one means you were not making money and greater than one means you have a cushion and making money. banks look for above 1 because they want to make sure you will be making enough money to pay them back and that you will have the money should costs rise and change your NOI, I know my bank looks for 1.25 DSCR . usually they just do not look at the properties, they will look at your personal situation ( credit card dept, alimony payments, medical payments) especially if they want you to personally back up the loan. there are a lot of explanations and probably better than i explained, all you have to do is look up DSCR, hope that helps.

The warranty specifically stated that only piers are covered. 

So, the COC ROI seems to be about 9.744%Not as good as my stocks, but still not too bad.However, my credit union says they can get creative with my financing and use my equity in my personal residence and/or rental homes to cover my down payment.

I have a Landord policy covering the dwelling, appliances, etc.