I would still do due diligence such as whole property inspection, lead inspection (depending on when the property was built), appraisal, etc. 

It depends on your financial strength, the quality of the property, how many properties you own, etc.I like to start with one significant expense and three months of vacancy.

Unless it is a new build, and it comes with purchase warranties are an extra cost and may or may not even be executed when needed depending on the circumstances. 

I think you can go as high as 15% but it's cutting into your margins and depends if you are a GC yourself or not. 150k is close to a million or more.

It could be possible to still negotiate a purchase depending on the stage of foreclosure it is in. 

Depends on if you have panels, crazy layouts, etc.

Quote from @Collin Hays: Quote from @Rick Albert: Depending on what's allowed, the event/wedding space seems to make the most sense.

It's not easy, but all successful agents operate like a business with daily tasks to attract leads and follow through on those leads.

Cash flow is crucial, especially if you depend on it for your monthly income.Selling the property for $170k, which is above its market value of $120k, might seem like a good deal initially.

It can be a daunting task when you are trying to run a business and I finally honored that I am spent!