Quote from @Henry Clark: Having been thru the corporate world, I came to understand wanting to be financially free, in charge, reaping benefits beyond salary which was good. 

Again, these fees are charged and paid to the lender to complete and fund the mortgage.Third partyclosing costs include title company fees - including the actual title policy, escrow or closing fee, tax certification, and other title fees; governmental charges – including recording charges, intangible, and transfer taxes (depending on your state).

The latter would be much faster to overcome.Aside from interviewing PMs, what are some good ways of identifying markets relevant to me and my goals?

I think if you realistically have enough deal flow of good properties, flipping is a faster way to a huge bank account, since a good flip should be between 30-50% return on investment every 4-6 months, if you are doing it all cash.  

On its resident fees page, it states that the Jerome Village Community Development Authority can charge up to 2% income charge. 

Quote from @Lucas Schlund: I have been having a very hard time getting a straight answer to this question, probably because im having a hard time wording it right, so just bear with me here.For my first deal, I plan on BRRRR'ing out of it to build my portfolio faster.

If you want to be nice, don't charge a late fee for the rent as she pays it late over the coming weeks.

Last two loans I did they did an Mai at no charge and they forgot a floor plan and had to get a one off for that one and no charge.. only thing we pay for is title insurance and escrow fee and property tax's and transfer tax if any.

To mitigate these, landlords can offer appliances "as-is," charge a fee, or allow tenants to bring their own.Good Luck!

They will take a risk at the beginning and charge a little more.