When the deal arrives, you will ONLY BUY DEALS THAT PENCIL OUT and the deal will pay for the HELOC, effectively negating the "second mortgage argument".  

HUD consultant doesn't arrive on the scene until you are under contract, and can refer you to a GC.

If you have "No visibile dirt on vechile they arrived in walk through" on every application (even for your own inner-office screening form never seen by a tenant), then you are fine.

All the paperwork and money was submitted by Friday, but with the 4th being a holiday, we closed on 9/5, the day I arrived.

What can be more prudent (and personal) is to have ballpark estimates on when major cap-ex expenses will arrive.

A seasoned broker or agent knows the market.If the market has listed properties trading at 98% of list price and goes under contract in 3 weeks or less time then a hotter market.

. ** and yes: I don't know how you are arriving at 50k But go see it: based on comparable sales arrive at an ARV (after repair value): then get the estimated rehab cost from a reliable contractor: Then get the ARV $: times 65% : that will give you X: minus repair cost : and that will equal your offer priceFor example: ARV is $100k : times 65% : or 65k minus 20k in renovations: so your offer will be: $45k You can't lose with this formula. 

I had some serious enquiries, so I accepted one and then built the cabin the day before they arrived :)Since then I've been hosting on Airbnb and performing music and really enjoy the vacation rental thing SO much more than traditional land-lording.  

When the toilet did arrive in that spot it was/is awkward storage space as it is a PITA to get into.

Company: I will have someone come out and look tomorrowCompany arrives on siteCompany: We inspected the area - we are going to fix it and do right by you as a customer, however we did notice a water intrusion issue in your basement - that indicates to us it wasn't our workmanship that was an issue.