If we are just helping the owner with finding a tenant than we enter into a 6 month agreement as the owners tend to be a little more difficult and picky with tenant selection.

Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

BTW FurnishFinder comps I've found tend to be on the lower price point (and less desirable décor usually).

Where the manufacturers/builders tend to get frustrated is when they are finding about this last minute and you the customer ends up in the middle of a finger pointing disagreement where you dont know who is right or wrong.  

@Marisa VoelkelI usually pick theexit strategy primarily by the level of rehab needed:Flip - If it needsa full gut, I will just tend to flip it.BRRRR - If thereare salvageable parts (i.e. solid floors, and decent tile in the bathrooms) Iwill rehab what is needed, refi, and put a tenant in there.

Folks tend to step up and settle when they're ready to buy something needing good credit.

Beware they tend to give BPO's which are closer to ARV's vs As-is values (as do majority of sellers) so don't leave much room for profit after taking into account holding costs, legal, taxes, etc.  

So the clients of the brokers that work that area tend to be small business owners.

I like Wilmington a lot, but it tends to get hit hard with storms.

Tenants in B+ to A- class neighborhoods tend to stay for longer durations compared to those in C class neighborhoods.