The remaining lone balance for house a is $117k, correct

mario,  correct on the math.Now for sure you need to rehab it.

We just bought a house in a highly desired older neighborhood.The owner agreed to owner finance it with 5k down over 5 years at 0% interest.We did put some money into the house to fix it up some.The rental income will cover the payments.Always ask for owner financing, the answer might surprise you.Work with money partners to do more deals.Join your local Real Estate Club and learn new techniques and grow your network.

And if the people you're working with aren't giving you the peace of mind that everything is being done correctly, send me a message and I'll get you taken care of.

To the other experienced investors out there am I analyzing this correctly?

So a little over 7 months construction period, a little longer than I liked it to be but it's our first time building a house like this so we took it slow and had to correct some issues along the way.

You are probably correct.  

Had my inspections done a month or two ago and they checked about a dozen items per property that had to be corrected and told us the properties were deemed "uninhabitable" until then and no one could stay in them.

@Chris Rendall couple comments,@Wayne Brooks is correct if it was a Homeowners policy now being transfer to an LLC and used as a rental. 

Also consider your lifestyle and if you want to be traveling 3 days just to check to see if a water heater is installed correctly and your property manager is looking after your property.