He now says he wants to "train" me to manage his properties, as if it would take a genius to pick up a phone and start building some relationships with decent contractors. 

Many factors to consider like - Can the residents afford an increase, are they great residents, am I getting a decent ROI, do I want to create the risk of turnover, etc. 

For a 12-foot wide house, you are probably looking at less than 1000 square feet above grade and it will be tough to get 3 decent-sized bedrooms in that space.

I am somewhat familiar with Baltimore and the different areas, but if I find a half decent neighborhood suitable for tenants, What is the market like?

Run all the worse case scenarios in your head then find a decent real estate attorney to have your back when things get messy.

I know investors personally that are only 5-10 years without escalation, and are 15-20% under market rates, which is all just coming out of potential profits. otherwise, in my opinion, going in to the deal is pretty tight. but if renovation costs are accurate, there is a decent jump is ARV that can be used for refi.

However, even despite this, the property still has the capacity to cashflow rather decently, depending on the owner-occupancy situation.

This deal is located in NW Indiana numbers are roughly estimated, I am planning to buy my first rental property with FHA loan, live there for one year, then move out and rent it out, Screen shot and Link to the file are attached below.

This deal is located in NW Indiana numbers are roughly estimated, I am planning to buy my first rental property with FHA loan, live there for one year, then move out and rent it out, Screen shot and Link to the file are attached below.

Among other issues, I want to make sure I don't trip over any SEC rules while offering a good deal to investors and providing a decent return for myself.