You may run into issues since it's a smaller loan. 

It also allows the manager to work directly with the insurance company to resolve issues efficiently.In Texas, this is part of the standard Texas Board of Realtors Property Management Agreement and is considered an industry best practice.

Newbies create a lot of different issues, however.You are probably not going to be able to use Fannie Mae as a contingency.

However, there is no way to do so without risk.The Internal Revenue Services issues three (3) Private Letter Rulings (PLRs) that allowed the taxpayers to do just this.

I'm noticing a lot of homes with foundation issues. 

The best contractors don’t just throw their hands up when issues arise; they come up with solutions and keep the project moving forward.5.

As soon as a tenant fails to pay rent, you can file a complaint without waiting 30 days or issuing a separate notice (unless your lease requires one).That being said, it could be a waste of time/fees to run to court because tenants in NJ may come even on rent (even after you win the eviction case) and then they won't be evicted: “The tenant shall have three business days after service of the warrant for removal to pay all rent due.”

Also keep reserves beyond your 30k for unexpected issues.

Residential investing is not rocket science, knowledge is not the issue: there are many good books out there that walk you through every detail you need to know.

A lot of the top places have seasonality issues so don't let it scare you.