Textbooks and school taught me the terms but being in the workplace has allowed me to learn how to put these terms to practical use.

The background check needs to include rental/housing history, employment/income history, credit history, legal history.

Set up your keyword alerts for your market (city, state, zip code, school district, major streets, monuments, etc).

Look at your current credit history.

The school of hard knocks.A quick course on how to use QuickBooks will save you a ton of money down the road.

There is space to build additional units and I went to school with the son-in-law of the man selling.

The only experience I have in real estate investing is a wholesale deal I did to pay for nursing school tuition.

I arrived at this numbers from the history of the property (about 1000$ average yearly maintainance for past few years) and secondly form some research. 

This pretty much sets the baseline as far as monthly rent goes.I have seen these same tenants take their same section 8 vouchers, move out the suburbs for better schools, better neighborhoods, in which pushes the rent rate higher for the better good of the neighborhood.  

People buying these properties either have no children of school age or are willing to drive them to the private schools north of Downtown.