Thank you in advance!  

I was required to pay the entire year in advance but When I cancel, they prorate and refund.

Yeah @Kent Fang ching, you detailed a couple of the strategy actions we are doing for clients right now in MN. 

This will allow the team to develop and review project processes and management strategies to move forward with more challenging, yet rewarding, properties.I come from a very process-oriented background (Mechanical Engineering), and my goal is to learn and develop each step of the process, from start to finish, to continuously improve the team and ROI of each project. 

Any strategies you would use to find a more personable hard money lender that is more local or are they all pretty much the same?  

I edge my odds by not allowing 1) last minute check-ins (must be at least 2 days in advance) 2) No 1 night stays (eliminates partiers) 3) Must have previous good reviews.These will vette 99% of your guests adequately....

I look for liens that will be removed or that may stay, ownership history, platting, zoning, exit strategies, cost & profit analyses, and above all else; I physically look over the property.

Transitioning to a Second Property with Low Money DownIf a second FHA loan is not an option, here are alternative strategies to minimize your out-of-pocket expenses:Conventional Loan with 5% Down: Once you’ve added equity to your current property, consider refinancing into a conventional loan to free up your FHA eligibility.

Cash flow is harder now so your market strategy is right on.

As somebody new to REI, what is the best way to handle rent lost when buying a fixer upper during the work?  Do you get a contractor in before making an offer/after, get an estimate on the work and time and then deduc...