Permiting will be stricter I imagine. 

I think every market and every person have their own reasons, but here are some thoughts from a property manager.Pros for self managing / cons of PM- Keep all the revenue- You have 100% control- You own listing, photos, etc- Nobody will ever care about your investment as much as you do.Cons for self managing/ Pros for property management- This is a 24h / 7days a week business and I imagine you have at least somewhat of a life I imagine. 

Pretend your getting the hardest rain you have ever seen and imagine where the water is going.I would also keep an eye out for sewer lines and type of material.

I imagine this is a similar model to Redfin's associate agent program that pays by hour/tour.

I imagine once fully stabilized you will cashflow and live for free onsite?

I can’t help but imagine it would be that guy’s last day if the appraisal came in $1 under the sales price. 

Imagine one partner relaying outdated or inaccurate details to a vendor or buyer.

I imagined that to mean that a 1920 home with no renovations would cost more to insure than one updated to 2024 specifications.Is this something that is just "known" to flippers/renovators and I am just coming across it?

FHA might be a good first step if you're strapped for cash.How long do you plan to hold the property?

In my area these are rare so they are difficult to set market rent, and I imagine get a lot of wear and tear with a lot of occupants living there.