Analysis of properties with positive cash-flow based on market analysis of rents.

The concern is possible lead based paint.

A few additional thoughts about being a new agent ---Being a real estate agent is unique because it's solely commission-based.

Lets go over your questions one by one and provide some general thoughts based on your goals1.

you state that you're based in CA and are about to start buying properties in AL. 

I would also recommend looking at cities close to Greenville, like Anderson, Easley, & Simpsonville as well since Greenville can be competitive unless you are looking at off-market deals.Also the non-occupancy tax would be based on the tax assessed value of the property and not the income it produces.

I don't beleive this is true based on the IRS site stating you don't have to issue a 1099 if you are "not engaged in a trade or business."  

Here are some insights based on your scenario:Refinance Timing: Given that rates have been dropping and you're considering a potential refinance for next year, holding off on refinancing until then makes sense if you're not planning another project soon.

Our fees are not based on the profit or value of the project. 

To do well, build a strong money base, keep a good credit score, and look at other loan types besides FHA.