Max Purchase Cost: $250,000Would like to have $40k-50k total in available equity through a mix of purchasing below market value and ARV (plan to have realtor pull ARV comps) (would like to eventually refinance and pull out cash so that we can both purchase another investment property)Exit Strategy: We plan to either rent or sell the property (depending on our agreement)Financing: We plan on using a FHA loan for 3.5% down (we have offer letters from our companies which will hopefully suffice to gain financing)Schedule: 1)We are going to find a realtor in the area2)Get pre-approved for financing3)Make offers on homes ($40k-$50k below market or to allow $40k-$50k increase in ARV)

Would it be beneficial for me to re-draft a lease with MY details or will the current lease suffice under the understanding that I am the new owner.

A fair pet deposit should suffice with the understanding that having the pet will be contingent on the dog being well trained.

They will ask for proof of this and a mortgage statement showing just her name will suffice. 

If you are getting the type of applicants you desire and the rent would suffice your required numbers, then I think you're okay, especially if you've marketed and shown at current rate.

I don't mean to imply improperly or anything like that but suffice it to say, they are a tight nit group.

Do you think water damage coverage is a necessity or will a DP1 suffice for a rental property?

What have you found effective when you were estimating repair costs11. what type of contracts will suffice when closing a deal and what additional clauses must you add12.

We can't predict exponentially accelerated intelligence's effect on civilization but suffice it to say, there won't be jobs, and humans will have little utility on the planet, at least from the perspective of intelligent machines. 

1) Confirm that a CPA is needed, bookkeeping services might suffice (and might be  dramatically less expensive), IF your accounting requirements are basic and you possess adequate tax knowledge (this is my situation).If a CPA is required, ensure the person is in fact currently licensed in your state and has no record of any disciplinary issues.If so thenYears of experience and areas of specialization.