In this market, with interest rates and prices at where they are, they're usually not viable (i.e. don't cash flow).

Unless you find a deal off market directly, you're often up against seasoned investors with distinct advantages in funding and experience.For newer investors, the live in flip may be the best way to gain an edge over pure flippers, as you can usually offer a bit more since you're looking at it from a longer term perspective (2+ years as opposed to flipping it ASAP).I'd also recommend house hacking a 3-4 unit property and fixing up the units as they turn over.

However, some lenders may require it depending on the state (due to licensing and compliance reasons usually). 

. - White goods are usually a tenant's responsibility- Most repairs are a tenant's responsibility with major structural issues being the owner's responsibility.

If moving money around in the budget they can be tricky in that regard, but if it is a straightforward draw request then it usually goes smooth.  

If the pipes haven't cracked, a plumber can usually re-line the existing pipes.

when I get into the weeds of the day I end up using the usual abbreviations and slang terms lol. 

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

They usually are the ones who decide what to do.  

There’s usually around 60-80 people that show up.