But you have to qualify for Medicaid, and they look at all assets, including any disposed of in the five years before the qualification. 

I’ve had success with buying and selling my own five (5) home over the years and found a real passion for general contracting, design and seeing a vision behind the initial disaster.

. - I make my own closet system utilizing Closet Maid kits (white melamine) stocked in Home Depot. 

Generally week one would consist of securing the property,  starting utilities in the correct sequence according to season, insurance and any urgent repairs. 

That is kind of expected when you are getting five to six time average rents.

Lower income can't afford to move often nor can they move if they have an outstanding balance with a utility company or the landlord.

They take a hunk of a fee and then deny the loan at the last minute when there is no time left to rescue the sale.I have a credit score close to 800, my husband 770, and we are putting down 100k each, as part of a 1031 exchange.

I will take your advice and utilize BP for networking.

All utilities are included on the current rent as well as the heat, so those expenses are real.

The formula(s) would look like:Potential Gross Income (PGI)  = full rents + any other income at 100% occupancyminus Vacancy & Collection Losses (8-10%) is typically usedequals your Effective Gross Income (EGI)Then you subtract your operating expenses (taxes, insurance, management & legal fees, repairs, utilities, lawn service, pest control, etc., and a reserve for capex) to get your Net Operating Income (NOI)From your calculated NOI, you can really start digging deep:Subtract your debt service from your NOI to get your cash flowDivide your NOI by the acquisition cost to get your cap rateTake your NOI, add the reserve for capex back in, then subtract your mortgage interest, to get your taxable incomeDivide your NOI by your debt service to get your debt coverage ratio (tells you how many times will your NOI will cover your debt/mortgage payment).