If we can do this and have more flexibility to spend time with our children than our corporate jobs allow for, we’ll be happy campers.

Property needs updating.  

Keep the sellers updated on a regular basis as you obtain the estimates.

I think it is they way corporate has things set up.

As a web programmer, I can say that Internet Explorer is good for one thing: getting MS Updates.  

You can repair / make updates while you're living there and so forth.  

Yes, tile can last forever, but in my opinion after 10-15 years the styles change enough that I don't mind ripping up 10 year old flooring to put in the latest trends so the unit stays fresh and updated.

Now we're going to have one of our other reps there in the back share with you their experience and story with real estate where they say they love the company, the work, and real estate got them out of corporate life.

If you want a database that is constantly updated, and that gives you a lot more data like length of ownership, debt, finance history, etc. there are better alternatives. ;-)

If it is a corporation or LLC, it is more often than not an investor who pays cash.