In some cases, it may not be possible to purchase and store materials, but if it is, that is one way to protect your budget and avoid a costly mistake.The last thing I would offer for you to think about is having a pivot plan. 

Considering that there are people living there already, it has a potential tenant (of course I understand the potential pitfalls there as well). 

We have a 14-page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

These policies also cover you in all other areas of life like car accidents as well.

I'm still interested as well. 

The migrant farm worker program works fairly well.

Then you might as well level it and buy another one.

That is, how well did your deal analyzer estimates match the actual rehab costs, holding costs, ARV, and profit?

I work with investors in Huntsville, and there are big things heating up here, as well.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.