When you use your own hard-earned capital to "learn", there is a great chance [unless you are RICH] that by the time you learn, you'll be broke.Stick to what works for you and if you want more money from doing the same thing inbox me and we'll brainstorm it....

I was thinking Houston and DFW would have better IRR (simply due to higher realized and chance for appreciation).

Under the circumstances he should renew with a M2M lease.If he buys the property he is renting the lease is automatically terminated.The fact that he would even be concerned indicates he is not very bright, good chance he is dreaming in technicolour about buying.

He came in and asked to use a bathroom... almost every bathroom passes some rooms and give him the chance to look around.

However, if there is good reason to (possibly Real Estate related), I can get my license this summer, and there is a decent chance I could get a used car. 

You can not collect from Section 8 tenants but now that they are off section 8 you may have a chance to collect.

I don't know the market around there but I'm sure you will have a lot better chance getting a SFH with 15k then you would a quad. anyways good luck!

That will allow you the best chance of getting 100% of your cash out.If your ARV and the Appraisal are $200,000 (They rarely are the same)All-in costs should be $140,000 (allowing $60,000 in forced equity growth).  

I'd like the chance to pick your brain and meet a few other Investors in the area.

You have a better chance of having dinner with the President of the United States