Apparently a daughter or granddaughter moved in to take care of the house after the owner was sent to a nursing home, and shortly after they removed her, they removed 26 live cats along with multiple others.The house obviously needs a ton of work but my question is that HomePath states that as an owner-occupant you must occupy the house within 60 days of closing.

Ok so I have found multiple deals in my area that I can either flip or use a rental.

It is participated in by an extremely intelligent group of men and women at multiple levels.

I find there's always a gold nuggets of information in each one and I go back to listen to a number of them multiple times.

We wanted to purchase multiple properties at once for buy and holds (2-3 at the most), but is LLC best, or should we act as "co-homeowners"...

If you plan to acquire multiple properties then yes considering getting a LLC for every 1-5 properties.

If that means multiple complaints on multiple salespeople so be it.

Seller might have 6,000 for a policy but that is because they own multiple properties and reached  a policy limit and to insure one more is just a little bit extra.

I teach FPU at my church for one thing, and, sit on the Board of Directors for multiple Not-For-Profit companies. 

But I don't see any major concerns with regards to the cash flow numbers you posted, unless there are hidden expenses (insurance, capex, deferred maintenance, management fees, etc).There is always a risk when inheriting multiple tenants.