I understand there are some risk, I am okay with that.

This is for a 3 family.I understand you have to a pressurize contraption to you main line for it to work properly.Any comments or tips appreciated.

Flipping is good in my understanding for cashing out quickly but the longer term play would be in buy and hold.

I understand that part, what I would really like to know more about is any other programs that we could benefit from besides NACA!

I understand how slow GOV involvement could be, but it sounds like a good option to use the cash for rehab as well as the sale.

So let me decipher this, if i understand this, you have someone that wants to be an onsite manager but in return he wants some income, low rent on his apartment along with utilities and cable included ?

I'm a police officer so I totally understand how war zones could be risky but not all people are bad I believe. 

If you intend to buy and hold study, know and fully understand all state landlord/tenant regulations before you buy your first property.Other than that my best advice is you need money to make money.

And just to understand a little better, is the judgment proposed by the county property appraiser?

There are workarounds which would require your accountant to understand and possibly make some year end adjustments but it (QB) could be made to work how you want.