Once I get started and start experiencing the challenges of dealing with the nontechnical market, maybe I'll be able to adapt and tweak my business until it actually works.Rick C. - that's an excellent idea.

It's not bogus, and was widely adapted after laws dictating brokers to retain all records for a 5 year minimum, right or wrong.  

However, using a three-prong adapter to plug in three-prong devices into two-hole receptacles is a code violation (because it can be dangerous), so don't go this route.If you decide to upgrade the main electrical panel, the electrician should use AFCI breakers for the bedrooms, as Jon suggested. 

I'm going this route because I am utilizing a VA Home Loan and whatever property I purchase needs to be my primary residence in order to qualify.I am curious what are some of the strategies to adapt in order to avoid having to deal with tenants banging on my door every time a light bulb goes out.

And of course, there is more involved in the tenant/landlord relationship than just finances.Landlords who do not adapt to this landscape will be at a competitive disadvantage.

Believe it or not, this situation will actually make you money in the long run(provided you learn and adapt).

The problem is that brokers are having difficulty in adapting to disclosure requirements from a marketing aspect.

I would recommend reading the "Millionaire Real Estate Agent" by Gary Keller to get an idea of what you need to do to be the top local agent.There are a lot of different strategies to getting clients and you need to adapt to ones that fit your personality.

Moral of this story, always call.There are many more which I'll post to my blog in the next few days, but those are a few.Strange as it may seem, I'm actually happy that this happened on my first flip; I've learned so, soooo many extremely informative lessons which I never would have learned if things had gone smoothly, and I'd much rather learn them at the price point I did than with a much more expensive property; I've already come to the firm realization that real estate is all about adaptation, and I fully intend to use this experience to do just that.

So, if these properties are owned by investors that provide them as rental housing, the population is more fluid and can adapt to changes.