In my area MFH is a poor deal.

You will need to trace out the route of the heating pipes to see if they are separated out to the individual units from the basement.

For some, that comes whIle reading a book (Ie Rich Dad, Poor Dad).

Set For LifeRich Dad, Poor DadCash Flow QuadrantThe Book on Rental Property InvestingMillionaire Next DoorThe ABC's of Real Estate InvestingFinding and Funding Great DealsBuild a Rental Property EmpireTax Free WealthTax Strategies for the Savvy Real Estate InvestorReal Estate Note InvestingThe Book On Negotiating Real EstateI have others, but those were all pretty good.  

I am fairly new to BP and real estate investing and Ive listened to some podcasts and read Rich Dad Poor Dad.

Your property valued at $400K with a potential rent at $2400 is a very poor income invest property choice.

This allows the individual to make  Traditional or Roth IRA contributions to their own IRAs based on their spouses’ income.Transfer/Direct Rollover From Another IRA or Former Employer PlanFunds from other IRA or former employer plans can be transferred to the self-directed IRA. 

"this was a foreclosure so there is a slim chance that the foreclosed upon individual will have the right to buy back the property from you for the amount you paid me, as long as he/she exercises their right before said date")?

I'm currently collecting rental applications for a SFH I have up for rent and an individual and her family are interested in renting my property. 

Sometimes financing terms are poor.