If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

Thank you,Devin In this market, a realtor could be crucial.

Not all newbies are created equal. 

My previous bank would pay the taxes and insurance when due and collect those balances equally throughout the year.

No concerns with weight, it really isn't that heavy and is dispersed equally.

Looks like I was on the right track...And according to that last paragraph, it appears that the only gain that is NOT excluded is the gain equal to the depreciation claimed while renting the house, which, in my case was ~2 years. 

There's no actual difference between a house you've owned for 20 years and just re-levered and a house you just bought with a new mortgage, all else being equal. 

Hey Philip, The potential profit is solid, but I totally understand your hesitation about the realtor commissions cutting into your margins.While using a realtor can be expensive, the MLS exposure they provide is crucial, especially if this is your first flip.

It's crucial that we find a balanced approach.

Easy results are not equal to accurate results.The best relief is usually accomplished in person.