It gets hairy when you want to sell one when two are linked because they will often require you to bear the cost of establishing they are sufficiently collateralized.

@Jason White,My first impulse is to say no matter how much you have available you'll want to invest for income in retirement to ensure that your money is growing at such a rate that you drawing your living expenses from it will not deplete the principal during your expectable lifetime.You may want to read up on self-directed retirement accounts and other ways of being a private money lender.My personal thoughts on buying property with no loans is that its roughly equivalent to gambling in the Wall Street Casino.

What is the most economical way to get rid of these hearty weeds and re-establish the St Augustine?

I would question the reserves you've established for vacancy, repairs, and CAPEX.The comps you quoted require the same level of repairs to make them rent ready? 

Usually I will look at a certain area, establish kind of a range of values for that area, then start looking for prices on the low end.

Older, more established neighborhoods: Land-locked so no new supply is coming but demographics seem to be slowly shifting and schools are going downhill.

An emerging market is generally a market that shows characteristics of a well established market but is not fully developed yet.  

The CFPB avoided many of these issues in the beginning as they were the first agency to build itself on a technical platform rather than a heavy sided human resources basis.In the past agencies were established by filling positions required for the jobs or functions required then hired out technology to fit the needs of workers.

Did you have an established relationship with the bank or did you have a substantial down payment?

You can advertise the website on your bandit signs instead of a #.There you can establish some trust with your potential sellers, plus you can get their info on the house they are looking to sell and call them back on your terms if it looks like a good deal.