Their strategy focused on targeting traveling nurses, a niche market with reliable demand.As for repeating the process in the same city, it's doable but requires careful planning.

They usually require experience and they are lots of docs needed from architect drawings to a lot of permitting. 

If you only have to resand the flooring and it's cheaper, maybe go with that instead,JC township will definitely require permits for plumbing, electrical, gas lines.

As far as capital, most investment loans would require you to do 20-25% on a SFH.

This would allow me to save money compared to paying cash or the huge Down-payment DSCR loans require.

Of course if you are required to pay off the 2% mortgage then your cash on cash ROI goes way down, but with a 30% equity cushion you’re still way ahead.I really dislike contractor for deed, lease option, or not recording warranty deed as “solutions” for the due on sale clause.  

Anyway, there kind of things can get messy if they go before a judge, so if it were me, I would just give her formal notice of termination NOW (allowing for the required days of notice per lease). 

Sometimes the best way to find the right type of mentor is simply growing your network and going about your business. 

Do most Lenders require 20% down on a land purchase?

If you ARE running a trade a business - 1099s are required.