I would only recommend purchasing items that fall into that vision. 

The loan does need to be secured by the property being improved if we are talking about a personal residence and personal itemized deductions on Schedule A.

These are just some of the additional items that will have a significant impact on carrier's rates, your premiums, and whether we start to see the insurance market soften anytime soon or not.

Your renters will destroy these items and want you to replace them. 

I think negotiations on knocking the price down on inspection items on value add will be huge especially if its a flip like you mentioned.

Given the scope of your work, a simple plumbing leak would not concern me, it's a $200 issue at the most and ideally, it's just another line item when you do rough in plumbing for the kitchen.Being in a Milwaukee suburb, I am guessing it's a 1960s ranch, probably with galvanized plumbing.

They won't learn those items until they actually do deals. 

For example when someone wants to have financial freedom and spend more time with family, but then sets a goal by creating a heavy active income stream that involves their personal involvement daily.

Garbage disposals are my most often replaced items. 

If I scale to a point where I no longer have time and have to outsource, that line item is already accounted for and the property will still be profitable.