The purpose of the suits are to prevent mold spores from attaching them selves to the people's clothes and then they take it home to contaminate their home and family.People with respiratory ailments are particularly susceptible to mold.Scrubbing and cleaning the surface does not always remove the mold as there can be mold on the back side of drywall ion the wall cavities. 

I have met a few that tell me they get buyers who buy sight unseen and have 1/2 or all of the purchase price cash as their EMD...

You don't have to do all buy & hold or all flip or all wholesale. 

After tenants leave and you find damage you will of course send them an itemized list of the cost of materials to fix the damage to explain why they are not getting any or all of their security deposit back.

The 50% rule or any other operating expense ratio you choose to use has NOTHING to do with debt financing or all cash.

Is it easier to qualify if he occupies it or can he rent out both sides (or all if Triplex or Quad) and  thus allowing him to qualify for a larger loan?

I started looking at out of state properties (e.g. in TN or AL) and even ran the numbers on a few properties (positive cash flow), but I heard in the BiggerPockets podcasts again and again that you should invest in a property that is within driving distance.

hey BP community,so i found this 3/1.5 property in a pretty liquid market in north texas (denton) for $140k and i saw that there were mulitple options to acquire it. lease option, seller financing, or all cash. pretty eager to work with anyone, which already makes me feel a little uneasy (even though i'm going to need something like this to get started haha).after a brief first contact with the broker, i found out that it would be 10% down.

The rehab and flip model is a good way to make money within real estate; however, in the market we are in it would be easier to go with a hard money loan, private investor, or all cash from your own investments to capture the property quickly.

So give yourself some padding for all of your projects and when everything does go as planned...hey, look at you, you are 3 days ahead of schedule ;). 2) Especially for your first live in flip or 2 or 3 or all of them for that matter, I would advise on sticking to mostly cosmetic updates to the house.