I encourage you to always keep it in mind and do not be afraid to alter it if things change.

I am new to BRRRR, I have been flipping houses but want to supplement my income with positive monthly cashflow in rentals. Ok, this is where I get lost. My current example is:  I have a flip house I am considering ren...

This translates into lower operating costs for residents, which makes for happier residents. 

That's the usual translation.

This audiobook was "Rich Dad/Poor Dad" by Robert Kyosaki and I have to say that it was truly eye-opening and perspective-altering. 

I would also make sure the tenant was referred to the section of my lease that states: “…Any additions, improvements, or alterations to the Premises made by the tenant of a permanent or semi-permanent basis become the property of the Landlord.

State that any/all inspection/repairs that they engage on the property will be at their sole expense and that the property may not be altered in any way during said as they are not the owners. 

Since I can alter my opendoor closing date, my lender is saying the Old home must be closed before they can get the appraisal, since that will need a FHA case number, which they cannot get without the previous FHA loan closed.

Any unexpected repairs on a prop that size can translate into big spends. 

Thanks, I guess I would just need them for the alteration building permit?