I’m a broker that has access to conventional, non-QM, and hard money loans.  

Ensure the buyer provides a non-refundable earnest deposit.3.

Plus you can also use earnest money and even non-refundable earnest money if you want to buy you more identification time.3.

Everyone thinks they can paint but there's a big difference between a professional paint job and a non-professional one (the latter usually actually damages the property instead of improving it). 

You would have to go after the one individual for non-payment and you could only remove the other three by going through the legal process like you would for someone on a verbal agreement, which puts you in a he-said, she-said situation. 

Id keep looking if it was not an approved short sale ( even an approved short sale takes a very very long time and theres no guarantee that you will even close on the house after months of waiting). q1)There are plenty of non traditional lenders that could offer you construction financing if the numbers make sense but it will cost you with points and a higher rate.

Being a real estate professional allows you to treat the income as non-passive, allowing higher high income tax payers to pay less in taxes.

That shouldn't necessarily be a differentiator when choosing a lender, as evidenced by the boom of the DSCR lending industry....non of which are FDIC insured.

Just like any aspect of real estate investing, non-consumer lending at a large scale is a relationship business. 

Wanting to evict them are a tenant is late for a week or waiting months of non-payment to start the eviction process.