It did pretty well this summer as far as generating revenue.

As far as purchasing a new home as investment, you are allowed to rent that house as Longer Term whole house, Rent By The Room (usually called SRO for Single Room Occupancy, CoLiving, or PadSplit model), Mid Term (30+ day rentals), or Short Term rentals. 

As far as I'm aware, SBA loan programs cannot be used for real estate companies.

we just got an estimate from a solar company today, they wanted us to go through the hero program. just running the numbers in my head, i figured out i would pay triple the amount of the loan over 25 years, there was a loan fee of three thousand dollars, the 1500 dollar veteran discount was put into the loan, the 1500 dollar rebate was put into the loan, by paying cash i will break even after five years, instead of paying 25 years. as far as im concerned the program is a joke. it will put you in the hole and you may never climb out of it. figure out a better way to pay for your home improvements, this one smells predatory.

Insufficient reserves result in vendor bills piling up, value-add strategies running behind schedule, and returns being reduced, so it's important to have a clear picture about how well capitalized or undercapitalized a deal is so that you can truly assess the risk.

I've gotten on calls with the RE gurus after watching their free webinars because I felt stuck for a couple of months as far as how much and how to scale.

There is no charring or damage to structure, just smoke discoloring as far as I can tell. 

As far as funding, I am in the process of locking down a private money lender.

Most home warranty policies would cover leaks.As far as what is acceptable, in my market (Milwaukee) nobody bats an eye on cast iron sewer pipes or clay tile sewer lateral.

This is why it is so important to hire a bookkeeper that specializes in real estate.