I use to do all the deal hunting, research, swinging the hammer, screening tenants, property management, daily maintenance/inspections ect.

During the inspection, they found an underground oil tank with contaminated soil on the premises.

I say this assuming that in the south eastern part of the country, I would get closer to year round rental income Vs. lets say the Adirondacks in NY.   

This way you can inspect for water damage, if its not visible in any of the units.

We have taken a great deal of time and care to do our due diligence and not only inspect all of our properties but find partners we can trust and rely on. 

If the lender doesn't perform in a timely manner, the buyer forfeits the escrow.The lender has been slow to respond on a few occassions but nothing like the week and a half it took for the seller to schedule the appriasal inspection... stating that the tenants needed to have proper notification.

They had the contract in place for 30 days and I’m just not being notified when I already spent 1k for the appraisal and inspection etc.

I live in Brooklyn but Queens and Long Island are my top choices because they're closer to home and more affordable.

If you were buying off the MLS or direct from a seller, you would have the time to get your inspections and get contractors to give you bids. 

The rate in Dallas is at least 2%, possibly closer to 3%.