Obviously there are some safe guards and due diligence to it - but with that amount of capital it would be easy to get $4k to $5k a month coming in routinely - auto debited to your bank account. 

@David McCracken As a home inspector I test for both radon and mold routinely.

I just have to make sure utilities and city water/sewer are available on that parcel I am not doing the well and septic tank routine.

Exploring new places is a little hard since we well into a routine taking them to the Alexandria zoo or Shreveport Sci-port center.

Build your systems and team and it will be easier, maybe even routine, in the future. 

No biggie.Once you are used to a problem it becomes routine.

Experience:  Yes, having a number of verifiable flips is the best way to get the lowest rate and highest LTARV, I work with an great number of "first timers" who routinely have 90% of their projects financed based on sound projects and good credit.4.

Keep in mind this is a national site here on BP  and some of those that say no problem and do deals are doing it in older markets with no properties than people to live in them and can buy them for 5 to 20k routinely.. like being in the used car business really. 

in OR WA and CA  anti equity stripping laws took effect around the time of the GFC.. this relates to dealing with anyone who is in foreclosure on their primary residence ( which is most foreclsoures)it prohibits many things that we used to do as routine prior to the laws coming in.. each state is different

If pest infestation is evidenced during a routine inspection, it would be deemed a lease violation.