You figure it out.As an underwriter for the GSE's for a living, trust me I understand what you are saying about wrapping ones head around some of the guidelines when trying to understand how they are layering their risk.

I am unfamiliar with the rules in your state, but having an agent outside of you provides a layer of anonymity or protection. 

Getting the debt service covered is vital each month.  

I would suggest to connect to other local investors as much as possible to network, educate yourself, make connections with title companies, contractors, wholesalers, hard money lenders etc, those will prove vital to your success.

Not to mention the various layers of independent contractor relationships that exist not only between yourself and the owner but as well as yourself and the 3rd party vendors you likely lean on.

It's vitally important to know who you are working with, and have the history of the players involved.

**Roof Repairs/Replacement**: Ensuring the integrity of the building's roof is vital for tenant comfort and property value.2.

Bought a heat gun from Harbor freight ($10) and wife spent evenings removing multiple layers of stick-on linoleum while I use a hammer to break up a brick wall to make space for a new patio.

Moreover, lenders often mandate reserves to ensure the borrower can meet ongoing financial obligations.Selecting viable investment properties is another vital aspect of the process.

With meticulous attention to detail and a passion for excellence, we strive to create homes that not only enhance property values but also contribute to the vitality and character of Philadelphia's neighborhoods.