PREPAY -  You definitely want to understand the prepayment penalty system for the new mortgage as it could dictate your future plans with the property.  

The Market you're in will totally dictate finding a deal.  

This will only cost you because the board makeup changes frequently and the results never change unless there's a dictator (that was me). 

The situation is always dictated by your personal preference and situation.I own a PM business so operating my own properties within that framework takes almost no extra time. 

The quality of unit and level of service you provide will dictate both the quality of visitor you attract and premium you can collect. 

Like @Bryce Wong mentioned - how much to charge for your security deposit, and whether to charge last month's rent up front is usually dictated by local custom, so you need to know what policy other landlords in your area are going with.I recommend looking at other rental listings on Zillow, Trulia, Hotpads, etc in your neighborhood - usually those terms will be included by the more professional property managers/landlords.Another consideration is the total cost.

I see my dictation spelled "private" instead of "probate"My apologies for any confusion.

The answer to that question may dictate what you can or cannot do. 

The pref of 8% does not dictate when you distribute to investors.

This will allow my FHA consultant to dictated must have components. - Approval of permits & blueprints as well as the time it will take for them to be approved.