Consult eviction attorney regarding commercial; I'm specifically a residential PM and commercial usually has different rules because of the nature of the investment and occupancy (tenant doesn't [usually] live there)

It is usually reduced leverage but an option! 

Usually agencies mark up the VA costs significantly.

You can call the permitting office or a structural engineer you might use and ask them how long permits usually take. 

Additionally, FHA usually isn't the strongest type of financing and sellers don't like it as much because there's a lot more financing restrictions and the house needs to be pretty much turnkey.

Usually the first draw happens after demolition/rough installs for electrical and plumbing. 

Your total project cost is only ~ $143k. 3c) Your interest rate is probably going to be in the low to mid 7s, at least4) All states/areas are different, but I usually see with my CFO clients that their property taxes are higher than their insurance, with taxes often 1.5x higher than insurance.5) Lastly, I saw PM fee of 8%, are you paying someone else to manage this?

Quote from @Ryan Raven: You can usually be a property manager without a license as long as you are a direct employee of the owner.

Since the high rent properties usually involve less work.

Usually 15-25% and they keep cleaning fee.