Scenario 3), the you could come out marginally ahead of making monthly extra principal payments of $300.00, provided you were not pulling the lump-sum from a LoC and then repaying the LoC over the ensuing 10-months ... as the additional interest would negate the marginal advantage.Scenario 4 and {my favourite} Scenario 5 were included to illustrate the benefit of more frequent principal payments.

He will have a variety of answers to your questions.

I agree with @Connor Hibbs's comment on terms for first time flippers and if this is something you want to start doing more frequently I'd look for lenders that offer some type of rewards program to gain better terms through doing repeat business.

Regular Inspections: Conduct frequent site visits to monitor progress and ensure quality standards are met.

It's decent.AHP needs to communicate more frequently and effectively with investors.

But that's not very frequent.

I'm frequently surprised at how some people live. 

The first thing I'd recommend is focus on a market where you either 1) currently or have previously lived, 2) have family/friends that live there, or 3) travel to/vacation there frequently.

I want to be somewhat hands on so I would pick markets that are driveable for you and visit frequently. 

First, what would we do if the property didn’t make it (for a variety of reasons” as a STR?