In total to date (not counting new construction, land development, or holds) I have sold my flips for a combined total value of $23.4M since 2009 with another $4M to be added with ongoing current projects not yet sold.My regular flip projects probably average around $60k on the rehab and 4 months total hold times these days with exit values ranging from $500k-$800k.

Mary K. has already done exactly that and something I will definitely be adding to my leases going forward.Even though I assume a month of vacancy for turnover, I'm thinking it couldn't hurt to at least give myself the option to try to get it rented sooner.

Just food for thought, you may want to research the implications of both decisions before making the leap.2) The 85% rule is a fallacy the only thing that is 85% with FHA are max cash out LTV's or 85% of gross rents minus PITIA = net rental income or payment to qualify for or income to be added to your qualifying income.3) can you order  another appraisal?

If you're painting them, run a bead of *good quality* caulk across the joint too.  

As to insurance, there are several ways, you can be added as a co-insured, you can be listed as a loss payee (but doesn't insure you) you can be indemnified of insured losses through you contract with an assignment of loss proceeds.

Also, ask your broker if the policy provides coverage for theft or if it can be added.

I would not mention your house or utilities at all in the advertising.While you are prescreening candidates I would mention the situation and that a flat rate of X will be added to the rent for utilities as long as the utilizes are not abused (which is defined).

What needs to be taken into consideration is that with PM's on single families, the 10% standard rate includes the PM paying for advertising, payroll, etc. and with latge apartment complexes, a marketing budget along with other expenses must be added on to the 5% fee.

If the water issue is something the lender says needs done for FHA, then it can be added to repair escrow.

If it's an investor, you would need to be adding value in some way, otherwise, why would they do that?