Especially your response to @Maria McNally. 

They were referrals and the business started to grow simply because I had a competent team that was responsive and looked out for the owners' best interests.

@Jaron Walling I appreciate the response!

I'm struggling to understand some aspects of your response, but it provides some things to think about.

Thank you so much for your response!

Thanks for the response. 

There have been a ton of great responses here! 

Appreciate the response Victor and Don and your neutral perspective. 

Here are my responses to your questions1) Not my area of expertise, but the numbers on this are very strong2) I'd generally lean towards building the CFM, but strategically selling some properties when someone gives you a offer you can't refuse.3) Most HMLs would lend you 75%-85% of your purchases prices plus up to 100% of the rehab costs (though some HMLs like to see the rehab costs at or below the purchase price).

The canceling tenant remains responsible for rent, utilities, and other charges until a replacement takes over.