EM is the part of all your payments out of pocket: down payment to the seller and closing costs.Most important, someone has to write all the same documents like with the usual mortgage: the note and the mortgage(that the seller entitled to repossess your house in case of default on the note).After everything is ready, the title company will give you HUD-1 or whatever it is for the land contract, where will be $$ you bring to the closing.BTW, seller will credit you with the prorated taxes up to the day of closing.

You may not need the rental income but just wanted to bring to your attention. 

Bring a large carpenter square to check their work.

Say you can fill those units, or bring rents to market without doing anything or refresh and refill those units and up the income.

I would think as long as the PMI Doesn’t bring your cash flow below 150 per door you should be fine.

I believe I may could make more money with opportunity of time that it will bring.

Bring some cards (or a pen and napkin) and get ready to introduce yourself and share ideas. 

Whenever, I travel I I always bring back a dirty load of clothes.

Will I have to bring the house up to code before I find a buyer or is it the buyers responsibility?

Each house can bring in between $1500-$1800 assuming they are 2/1.