If it's a gray area, we usually cover the service call the first time.

7) Home Insurance: make sure you understand what is and is not covered.

So you must cover that 10%, holding costs, and have reserves for overruns. 

He  painted a picture of them riding in and saving the day..

This helps determine if I would be responsible for covering those costs.

Good paint is $50-$60 a gallon and covers 350-400 sq ft.

Though the property and surrounding areas look nice in the pictures, the doors and windows has bars which concern me.I am just starting our my RE investment journey and all help is greatly appreciated.

Aside from the standard BR/BA count and square footage, I always focus heavily on the listing pictures for any comps I pull in my area - finding a comp that's as close to your property's condition and finishes will give you the best apples-to-apples comparison possible.I also wanted to second @Tim Swierczek's input: nobody in Minnesota likes moving in the middle of winter.  

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

It does look like our instructor (I couldn't clearly make it out b/c I can't find an enhanced picture anywhere).