Taste and style changes more frequently in these areas, so they feel dated faster.  

Not sure what the process is like there but compared to NY, it is a faster process.We just toured an occupied 4-family in NY today with a client and the eviction process for those tenants commenced not long ago (within the last couple of weeks).

Make sure it's dated and have your agent take a picture of it on the door.Then have your agent hire a locksmith to be at the property on the stated date with any necessary contractor.

Everything would be in your name and he would be at risk possibly even with a legal agreement.  

I've moved move of my clients who used QBO to Baselane (or Stessa), and it's vastly simpler, faster, and easier for them and for me. 

I did that in my teens in age and early twenties hopping to the next greatest thing that would appear to make you richer faster and with less work.

You must be at least 90% sure or don't do the deal.

I learned that good debt will make me wealthy MUCH faster.

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Depends on really what you are looking for:-Speed - some HMLS can go "no appraisal" so can close very quickly and beat cash offers if you are in a competitive market to buy-Interest Rates - can range anywhere from around 8% to 13% (same with "points") but not usually as huge of a concern for flippers since the terms are so short-Leverage - depending on your risk appetite / capital - this is also a top concern for some (almost always over and above rates/fees) can see anywhere from around 80% LTC to even mid 90s LTC (including 100% of rehab budget)