Start looking for a different job that will pay you a salary first. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

No different than if the mortgage amount was more than anticipatedThe assumption here is your purchase price was going to pay off the mortgage and the other liens - If not you don’t cancel closing you let them cancel it because they cannot bring funds to closing

If so, you'd be looking at STR or MTR properties, not LTR.There's a big difference between these types of investment concepts.Please clarify your intentions...

I'm an investor and a licensed mortgage broker who has done fix and flips both using my home's equity and borrowing against the investment property.If you (1) have enough equity in your home to fully fund the deals, (2) don't mind tying that equity up for these deals vs saving it for a rainy day and (3) are ok linking the place you sleep with the success of the flips, this could make sense.We offer a ton of different fix and flip programs including putting 10% down on the purchase price and funding 100% of the rehab.

However, while I was still getting contractor bids for different projects, I found 3 different companies that are quick (based off of their contracts and guarantees) and have good quality of work (based off of previous and current investor feedback) but come at the cost of price.

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

We have seen maintenance costs skyrocket over the past 2-3 years and every case is different but here are some general guidelines for reputable (non-crackhead) investor level pricing in our area of operations:Furnace and A/C replacement with lineset for standard 3 bed 1 bath bungalow.

The tenants are currently in court with a title dispute so the house would have to be paid for cash only.I would like to convert it to a primary residence and turn the garden level into a separate two bedroom apartment for use as an in law suite.

I think different approaches are appropriate for different landlords especially based on the size of their portfolio.