@Mohammed Naser you have chosen my recommendation for your questions, @Jay Hinrichs is the real deal and has a wealth of knowledge in every aspect of real estate.Cheers!

I have chosen this area because I've lived here for over 30 years and it's very familiar to me.

Really look at what comparable homes have sold for (not what they're on the market for) around your chosen property. 

There is such a limited number of what I consider to be "true" appraisers, who examine their market on a daily basis, poring through market data and cultivating the relationships with the deal makers.

That said, the rates you've chosen could also increase your costs.  

@Alex BalanHi AlexWhy have you chosen 80,000 as your strike price for SFH?

I recently signed a lease to rent an apartment , but during the viewing i missed some key issues with holes and openings in some of the walls which allows mice and other insects to come in if chosen to , also a basement window that doesn't lock .

But the hazard insurance is something only YOU control, this means you order if from your chosen insurance agent.

Additionally I think everyone should allocate a small percentage of income to educating themselves on their chosen fields.

A mutually agreed upon arbitrator, who is experienced in realestate, shall be chosen by the parties.