We have about $50k available -- so ideally would be able to put a chunk of cash down, and save the remaining cash for rehab.

I know a few that play the stock market or split a clinic but no real estate investors yet.

Erin - we recently moved here from Minneapolis with seemingly similar motives and ideals.  

I plan to keep the unit for a long period of time and so ideally I'd like a peaceful coexistence. 

Ideally with RE knowledge and their own portfolio.

Ideally you want to meet and negotiate directly with the seller. 

I was really playing around with the program and the process.

It would save a lot time cause ideally it would come with a team.

It's an ok deal and I would only bite if there is much more value plays such as potential for much higher rents after the rehab or things that can be done to the property that can increase the value or income.

Don't buy individual REITS as you are playing with fire.