Once you have established yourself, there may well be folks who are willing to entertain financing your deal. 

They are not taking into account physical/economic vacancy, and in my opinion they are low-balling management (5%) and maintenance (5%).However, there is easy go-get from raising rents on unit 3 (+$500/month).

People's wants & needs will shift when their disposable income + sense of economic well being changes as well.

Many filings with government agencies will require a physical address and not accept a PO Box. 

I had not seen this before but the legal description is the physical addresses of the three structures and not Block x lots 123 as normal here in Golden Triangle, South east Texas.

The physical info matters but it might show your lack of being ready to make a decision.

Were they not all flooded at one point as well being nearby? 

I have a house with a flood zone rating with 'protected by physical structure'  Yep a 100+ foot difference from the water high level up to the houses. 

I'm looking for general and conservative advice as I look for ways to have my money work while I seek my first physical deal.

Closing on two units simultaneously was a deliberate part of my strategy, but there are pro’s and con’s to this approach:Pro’s- Each step in the process I’ve completed x2 at a time, saves a ton of time- As a new investor, my growth and learning curve seems to be accelerated as I do everything twice- Comparative analysis, I can measure experience on one property against the other - Working with one lender, settlement on both properties on one date- I double up the items on my task lists, which means if I make a mistake on one, I correct it on the other- Twice the investment means twice the income Con’s- Twice the amount of physical work, driving, cleanup and maintenance- Twice the risk exposure on the investment, I have two applications pending on one while the other I’ve decided to lower the rent- While my interest rates were very competitive, as a new investor I had to put 25% down on both propertiesSo far in the process, although I put more money down up front, it seems like closing on two units simultaneously has been advantageous to my cash flow strategy.