Those things are awful anywhere near water or moisture.

Both of these are like slightly less well off continuations of their neighboring suburbs, and don't have excessive amounts of blight or crime.2) I'd recommend a single family for your first investment.

Mold needs moisture to grow.

Their contract stated that they needed my go ahead to spend anything in excess of 100$.

IE wholesaling but that takes money and major sales skills.. and a market that has a lot of excess inventory and rental inventory.. it really depends on where your living and working.. all the guru training materials say just about the same thing there is nothing brand new .. just the same methods or schemes repackaged and regurgitated to enduce those who want it all now and are willing to pay for fast track.think MLM..

I stay away from areas that have excessive violent crime, and areas that aren't close to freeways or employment centers.  

They think they are investing when really all they are doing is parking excess cash with the hope of appreciation since the actual return through rental income is miniscule. 

Everyone i spoke to did not replace wire.just remember; all drywall 12 inches above flood line, cabinets, doors, flooring(tile should be fine), maybe the a/c equipment, window stools, baseboard, insulation, outlets (at least) and it took us 3 months with multiple fans and humidifiers running to get all the wood back to acceptable moisture content.

I think 70% is a bit excessive but that's beyond the point, so long story short yes it might be a problem or at least it has been in my experience :)

I'd bet by the time you pay that loan off you will not be able to get a loan at 4% anymore.If you are a prudent investor you should be able to earn more than 4% elsewhere (SP traditionally has returned 6%, and is the most passive investment you can make) and as RE investors we certainly seek returns in excess of this, so don't worry about paying down that mortgage so quickly.