You are going to get both sides, of an answer to your questions.Yet you can see how passionate, so many of us here are about this business ,and life.

When buying the house with him, I would've never imagined things would've ended like they did but life is unpredictable. 

Seriously, "the cops have better things to do".So all in all, we were kinda at a loss of what to do, and now they are on Section 8, they aren't behind on rent, we get paid, life is great.

Would love to know your thoughts about my management style, what you learned from and what you disagree with.

The financial life you save may be your own, in all likelihood.Tax matters - refer to a competent tax accountant.

Keep in mind that when you have kid(s) your lifestyle will completely change whether you want to or not.

First was that working for someone else who controlled my destiny, my financial future, my career path and all the other restrictions that come with corporate life, is something that I can no longer do for the long-term.

The general style, build and feel of homes in these 2 subdivisions are very similar, although I am only analyzing Oak Forest.

OK, I'm 60 years old and have started building my investment portfolio late in life.  

You could also add on an amount for bringing the apartments up to current style, but still use lower rents for income assumptions because you're the one who's going to have to do the work of raising rent.