Obtaining copies of the application and background checks may require the tenants consent - here in Canada, it would be a violation of federal privacy law for the Vendor to simply had them over.One thing Kevin omitted, and why you need the leases before the end of your diligence period, is to prepare an estoppel certificate for each tenant using the information obtained from the lease, then meet with the tenant to affirm the information and to discover any other material facts (i.e. side agreements, pets unknown to Vendor, etc) and have the tenant sign the estoppel.  

Go meet the neighbors and let them know your plans, give them a card, and welcome their call if they ever see something they don't like.If there's a lot of preconstruction clean up, then I go to Home Depot and get enough laborers, tools, and materials to knock it out in a day.  

I'm a big proponent of self development and it's awesome to see that material shape your thinking. 

I know some of this may be common knowledge, but I just started studying a few months ago.    

Study RE basics and requirements for good title. :)  

We will rehab the property to it’s peak condition using quality materials bought @ huge discount thru established relationships with various vendors.

This alone keeps most Section 8 tenants on track... paying their share of the rent on time, taking care of the property, and abiding by the terms of the rental agreement.As stated in the Section 8 materials... 

McGuigan you will find in life and business that some relatively bright people will have different and seemingly contradictory opinions on a given subject, study read and learn as much as you can, then see what makes sense to you, take an idea concept, try it, push it, test it see what works and what doesn't for yourself.

:-)  My advice is to study up here on BP. 

It utilizes new materials and new methods for constructing the envelope of a house in a very environmentally friendly way.