On occasion I am willing to flip but I prefer to hold for cash flow.From what I have seen on the MLS it seems that prices are a bit higher than I think I should be paying considering the cash flow potential.2.

Worth area and it still amazes me when I recommend any of these that on occasion other beginner investors want to "reinvent the wheel" and go their own way.

It may be true that on occasion someone may still need to physically visit a home.

In any occasion, the best thing you can do is TAKE ACTION!

I offered to work out a plan with them, to which they said no or ignored on other occasions.

The realtor who represented both parties talked to the tenant multi occasions and mentinoned to him that he was getting a heck of a deal and to expect rent increase going forward.

I've been told on a few occasions traditional banks will not lend in an LLC, for an investment property to purchase land AND fund new construction - is that not true?

On two occasions, they even went until sunrise.

We have had multiple occasions where what you mention has happened - original renter moves out, and now you have people you never vetted occupying the property.  

I can't imagine it's needed in North Carolina, South Carolina, Florida, Utah, or most other states except for rare occasions.