Matthew,The ARV is going to be based on the CAP rate unless its a really unique in location or type of construction.You will need to verify the leasable sqft to determine how much income you can generate fully occupied.

The agent doesn't have to market the home, the Seller just moves on without open houses and showings, and you get the home.Is there anything unique to your homes that entice people? 

Jacksonville is a unique place.

Some information I’d like to know to educate myself on the local market include:-Investor friendly real estate agent-A/B rated towns or neighborhoods-Cap rates in such areas-Typical vacancy rate used for calculations-Property management recommendations-Property management costs or associated percentages-Investor friendly contractor -Legal quarks unique to this area or Texas in general-Any other helpful information worth notingThank you in advance for your time and expertise.

But in reality, if Microsoft had failed, he could have always gone back to school somewhere and finished his degree (Gates's parents aren't filthy rich, but they aren't dirt poor either, so perhaps he had a fallback cushion he could depend on).If you want to learn more about the beginnings of the personal computer and the Internet, PBS produced a couple of specials in the 1990s.

Check with banks ahead of time, since this is a unique situation.You should expect slightly higher CapEx than if all 5 units were in one building.

Fayettevile is a fairly unique market with the Fort Bragg (Basic Allowance for Housing) component.

Access to price history on MLS should be sufficient for 99% of the time in these cases.And if it's a property that's super-unique, I'm not sure the history would help that much in determining value since, e.g. with ranches, the price is often determined by the emotions of the (in the case of ranches often wealthy) buyer.

Different vendors, depending on which part of town the project is in and whether the project can look like every other reno people are doing (Home Depot, Miramar-area standards - H Cabinets, Rainbow, etc) or needs to look more unique (Lowes order desk, La Mesa Lumber, couple random stores in National City-area).

It is a unique property and we spent a lot of time getting it ready, but essentially, we live for free because of it, so it is for sure doable.