:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

.- Should I expect them to pay with a check or be willing to accept cash each month?

Two of the units are occupied by cash paying tenants at 1500.00 a month.

@Bob SmithWhile investing via Turnkey Rentals sounds easy, you should understand that you will be paying full retail, often even more, for the properties.

There are a lot of scammy youtube gurus that talk about building business credit, but it basically is the same as your personal credit....be organized, don't overleverage, be patient, and pay all your bills on time.In NY to become an LLC, there's a $200 fee and then you have to publish in two newspapers for 6 weeks. 

I’m not seeing any comparables listed or sold in the area recently in this bad shape. the last lot I posted for sale I undervalued it and then asked for a offer most saying “well it’s posted for 20,000” even though after talking to people, I started to see that they would happily pay more than that.

I am able to keep my bills paid, but am owed more than the investor is able to currently pay. 

Since you have good income, you should try to maximize equity build rather than cash flow (which you will pay taxes on if you take out of the property to pay yourselves).

Keep it in my name and divide the electrical cost by three each month and have them pay me? 

-Will be open for us to extend our inspection periodThe counteroffer sounds attractive since he's offering to pay for most of the repairs, even for an engineer to properly inspect the foundation.