When people rent to traveling nurses, they are essentially requiring a certain profession and level of education. 

Instead of essentially being charged twice.

However, like Detroit, the city has varying neighborhood dynamics, so thorough research is essential to identify the most promising areas.

Off-market deals (although just because it's off market doesn't mean its a deal by any stretch - some wholesalers are now asking essentially MLS prices)4.

@Dusty ClinkscalesYou are essentially describing a self-directed solo 401k plan.

If you're wanting them to do a full rehab - that's really out of the PMs scope, so I would expect to pay additional here (since they are essentially managing an out of scope project for you)But as far as an additional upcharge for them doing some basic rehab/repairs?

Essentially I want to know if the deal can be killed at my discretion as soon as lender A denies financing or if I would then have to get denial letters from lenders B and C as well to kill the deal.

Fortunately, I had recently started a new job in an essential field, which provided a minimum wage income.

One of the main drivers of this dilemma is the low 1bd/1ba garage conversion and $30k seems like a large cost for one element of a 350 sq ft conversion. 

Crunching the numbers and having a clear strategy is essential for a real estate investment.