Everyone else on your team will be transaction-based and not really involved after a purchase.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:“How to Screen a PMC Better than a Tenant”: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesIn our experience you will need to:1) Learn to "Maintain to the Neighborhood", not your personal standards2) Tenant-Proof everything you can Hard surface flooring, not carpeting (too easy to trash) Same basic paint for everything No garbage disposals for them to break Only spring-type doorstops also with plate on the wall Glue rubber mats under sinks to prevent water damage Sheet aluminum on walls around stovetops, for easy grease removal Towel racks - screw 1x3 to wall studs, then screw rack to that Install low-profile downspout ext, not aluminum that always disappear Plan on cleaning gutters and leaves up in the fall as tenants won't Avoid garage door openers3) Have a great application screening process: Check credit for evictions & convictions, utility collections Focus on employment/income stability Require bank or debit card statement - you'll be surprised what they spend their money on!

You could probably boot-strap a marketing campaign and do a test batch of about ~100-200 mailings to test the market.

(Please make sure they have working batteries.)All kitchen fixtures and appliances should be in good working condition, including: faucets (should run hot and cold without dripping or leaks), oven/stove (all knobs and burners should be present and working, and the stovetop free of grease), refrigerator (make sure it's clean, and that the lights turn on and the doors shut properly), dishwasher, garbage disposal, lights, drawers and cabinets.Water heaters need to be working (and if placed in the garage, need to be placed on a platform 18 inches off the ground), have earthquake straps, and a properly installed pressure release valve (with a discharge line directed downward that reaches six to 24 inches from the ground).Heating.

My wife and I just bought our first home and are a bit strapped for cash right now but in about 6 mo we should have around 5k. 

Pex should be up sized to be equal to copper inner diameter as well as strapped well.

They will most likely be strapped just paying the rent.

I'd like to get started with things like that, I'm teaching an intro class at a university in addition to my job here, so I've been strapped for time!

When you buy it you get the 3% FHA down and 5% Conventional down and 0 (zero) down VA loans .....NONE of those HIGH  LTV's are available as  refinance.Yes FNMA does hit your pricing for the Cash out.....https://www.fanniemae.com/content/eligibility_info...https://goo.gl/IhW4d                              Here are all the FNMA matrixeshttps://www.fanniemae.com/content/pricing/llpa-mat...     

Hi,I have been recently approached by a company that makes place mats for a local popular restaurant.  

Not sure what the value of the mat flooring is, but it sounds expensive.