As agents we will always ask the sellers to pay for our commissions so it doesn't come from our buyer clients3.You should have signed a buyers representation with your agent and that should have determined what % your agent is going to be paid. 2%, 2.5%, 3%.

I currently use Wells Fargo and it’s a pain in the butt to keep going there in person and setting up a security deposit account.

Quote from @Ko Kashiwagi: Hi Joe,You can go to notifications -> notifications -> find the colleague request -> accept. 

I'd recommend looking at costs. your build cost is going to be well over other homes because of the fixed costs like slab, Hvac, roof, etc. check the market drivers and weight the benefits of short term versus long term. long term is no furniture and help pays mortgage but at this size it doesn't really cover everything. we didn't find a lot of economies of scale in single family detached. can you build more than one unit?

Most any major metro area is going to have good demand for medium-term rentals.

Point being if you are leveraged to the hilt with no cash how are you going to make those required repairs etc?  

If it is that good of a deal, I would go down to the county office and speak with them to learn the process and the timing it takes to get a permit. 

Regarding risk, go to your local real estate investment association, tell everyone you are new at investing and want to borrow down payment money for your first flip.

When I go into quickbooks, I can generate profit & loss statements any which way I like for whatever time period I'm interested in and see how each property is performing.

If you go with white or a very light color, you may need to have cleanable covers.