As I mentioned this is my first property and I got to this point without too many questions since my realtor was really helpful, but my property manager wasn't as helpful and she mentioned that I should discuss this with my insurance agent, That I don't really have one reference to trust, so also if anyone has a good insurance agent from Utah it can be helpful.

If the tenants are otherwise good (ie take good care of the place), then that may be an option. 

I'd reduce the size of your units and stick more to 1 bed and 2 bed than what you have the numbers aren't really looking good on this deal. 

Make sure you have a solid team with a good broker that is honest with you and understands your niche you are buying in.

These things can add up and take a toll.Finally, cost of living may not be as good as you imagine.

Are they employed now and do they have good job references and good credit - basically all the usual stuff.

Good to know this.

Your job is to determine if under the hood of these packages is it is underwrote properly and with a good sponsor.

Good to know, thank you. 

Your goal when renovating is to create a warm, comfortable and spacious environment.Typically this is done by using good lighting methods lighter colors with some sort of accent color and creating an open floor plan.For flooring, I would recommend using a lighter oak color.