If they don't pay apply their rent to cover the damages and send them a notice for unpaid rent. 

Have you considered applying at Embry-Riddle or another aeronautics oriented college? 

You will definitely want to check how your state and local laws apply to the type of lease you have in place.

CAP Rates don't apply to residential. 

According to a research from Freddie Mac, the average borrower could save $1,500 just by getting one extra rate quote when applying for their mortgage.

Applying that idea to an area I’m more comfortable with may give some insight as to the neighborhoods I might want to eventually consider.Thank you all Again for the great insight so far!

The lease that's in place is in effect as a month-to-month so the protections still apply for landlord and tenants, which is good.

also I mentioned that its a 7 unit complex, it consists of 2 separate buildings, 3 separate PIN numbers (10 car parking lot and 2 houses)my thought is that if for whatever reason they can't or wont use projected rental income on the building I will have to just find a HML to fund the deal while I get the units rented then circle back and apply for more long term financing any thoughts or recommendations on this situation or a hard money lender who deals in PA

I am currently 37, with the expectation that I will convert this property in 2-3 years, pay taxes on it now, and will not access the capital until 67-70 years old (roughly 27-30 Years).1) I understand that converting Real Property is totally acceptable, and I does not apply only to liquid/cash assets.

NO damn it, you made the deal because you (luckily) reached a motivated seller.The method how you reach them does not matter  in the sense you are applying this.Yes if the government sends bills using a yellow card and people in your town are used to yellow cards means you got a bill, of course do not send out yellow cards as your DMM piece.But apart from that obviousness, it is not the "text" or the "voice" that inherently works better.It all comes down to yhe list. to whom you are sending your message to.Everyone keeps thinking that there is a magic delivery method that gets you better results.People think!!!