“Broker” is a legal term that often requires standardized coursework and a state license. 

I have three properties in AR now, and as of about four months ago, two of them were vacant despite having two-year contracts on the properties.

The sq footage of the unit is listed as 1351 and a previous appraisal was based on this.  

Fannie Mae will allow you to transfer the deed to an LLC if you decide to try to go the conventional route, but the loan would still be in your names and you'll need to pay a title company a second time post-closing to do this  for you. 3) I can't speak for the area so no comment there4) If you're self managing, make sure you find vendors you can trust in the area since you won't be able to easily verify if an HVAC guy, plumber, etc. is trying to rip you off and tell you to buy something you don't actually need. 5) Make sure you have clear alignment of goals and a clear operating agreement that spells out what to do if those goals start to not align in the future since you'll be jointly obligated to these properties. 

It requires hard work, strategy, and a willingness to take on projects others might overlook.

If there are lease violations, mention them-you not having a key to access the unit WITH proper notice or in case of emergency is one of them.I'd also tell the tenant that they are clearly not happy there, so finding a new place is in their best interest as well and as they have several months, they should have lots of options.

A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.Assuming you have a respectable FICO you can buy, with a FHA Loan (3-5% down, a 30 year amortization schedule, and a residential loan rate which is around 7% in today’s market).If the property requires rehab, the Realtor and/ or Mortgage Broker will suggest applying, for a FHA 203k Loan.

If you are competing with cash buyers and a great deal comes your way, it may be worth it to borrower at these higher rates.

I’ve bought some houses with 0% interest for a year credit cards and a few with consumer lines of credit from banks.

I had similar with duplex and ended up having to foot the bill but it was determined the break was on my property and resolved with yard excavation and a fat repair bill.