The electrical I am in the process of lowering all the outlets to the same level since 2 of them are about 4' high.

I would highly suggest that you also get involved in local real estate meetups.

Interest rates are high today, but do I wait and buy when rates drop or wait when prices jump? 

For most of us, that situation would be a year of very high profitability.  

If this MP is lower than the Calculated Maximum MP, the AP is too high, lower the Offer (asking Price) until the MP is equal to or less than the Maximum AP.  

This doesn't sound like it's in one of the high-performing resort-style communities, so I would be a little cautious.

Would highly recommend checking out REIAGC.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

We have a lender saying we cant use cash as a down payment for a house, and that we would have to distribute the money to family/friends bank accounts then get them to wire the funds to the the lender.

The cost of entry is low, and cash flow is high.