You may speak every day, you may see each other every day but it's not the same as having a formal meeting with defined objectives and devoting the time to the management of the investment/business - and nothing more.Please know that despite how investing is pitched often times on BP and other forums - real estate is a tough and complex business. 

Are the sellers legally obligated to ensure that the fence is installed correctly on their property, or to obtain written confirmation from the neighboring church stating they have no objections?

Not sure why throwing owner occupied-s in there is a good strategy when they’re usually just upset and demand the highest price (unless you’re doing sub 2 and not all cash).I don’t think it’s a quantity issue either.

I'm objectively comparing this to small SFR's in our mid-west market, but you'll have all the expenses we have ON TOP of that payment (capex, vacancy, insurance, etc) .

I think this is one of the most important things to focus on because it can help guide you on your path and keep you on task.Stay the course and do not get distracted by this weeks shiny object.

Also, if you want any help looking at a property--I've done that for people who are at a distance who want an objective set of "investors eyes" on the property. 

I most appreciate your objectivity in your explanations and that you conveyed the math.

Appreciation (or lack of appreciation) is a symptom of long-term underlying economic conditions like job quality and quantity, location desirability, population growth, etc.

Is is relatively passive, but not objectively passive.

Hi Hunter, there is a great book called "Florida Foreclosure Sales: How to become and stay wealthy by mastering objections, marketability, and possession by Natalia Ouellette Grice.