One way or another, however, the investors must work to pay down loans, increase rents and decrease expenses wherever possible.

If I am stuck waiting for 3-9 months, that seems to necessitate either being an independent contractor for a while or go work for a company, which I would rather not do as it would be temporary and doesn't seem right just to start and stop on somebody.If you need more information please let me know.

If you buy in a location where prices and rents are increasing below the inflation rate, your only option will be to decrease your standard of living over time.

This may decrease my cash flow from that property some but I would net more with the additional properties plus more appreciation spreading my risk over multiple properties. 

What technology/apps/systems have you used to decrease the amount of time spent on managing a similar properties?

If we are doing a value add and assume that occupancy won't stabilize until the 3rd year what would be a good rule of thumb to decrease occupancy in year 1 if you are planning to raise rent by a small amount $25-50 vs $100+ when underwriting?

Attempting a temporary repair on rotten wood could just lead to a more expensive repair later on as the rot spreads into the rest of the house, potentially compromising the framing causing structural issues. 

Up to you and your realtor what you choose to use, but for example if you get the appraisal district to decrease the size, then you can't use that when you resale.Now that I look at your floorplan, my guess is it is the 3rd car garage. 

Nobody in her family wants the house but my wife saw a sentimental opportunity motivated by our serendipitous temporary move to Richmond in the next few months.

Though good news is from what I know, the 40' container price is decreasing in last 2 weeks, from China to LA port, it decreases from ~$25000/container to ~$20000/container.I was even thinking if they can just push back my construction because I'm not in a rush lol.