Much prefer the American album cover though...

Other than that, be sure each quote covers what you need for a multi-unit, like liability for tenants and coverage for rental income loss.

My thoughts on this would be - when you're taking out all money that you have invested into a property AND the property has enough equity that any loan fees can also be covered through the refinance AND the property still cash flows, you're getting an investment with no cash of your own.  

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.

To cover the down payment and closing costs, I took a 401k loan, which left me more capital for the renovation work.

You can have for example a 6 months contract, extendable, as you are not covered by long-term rental rules (neither "benefits").

If the seller offers less than 2.5%, though, the buyer would need to cover the gap.

Everyone covered it @Stefan St.

Now I straight up said there has to be some kind of contract and price and they did cover it with me (I don't know if they normally do that or only did it because I asked), however the price is $15k-40K or more.For me this is a major red flag and irresponsible.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.