Bad rain drainage issues which i resolved by building French/trench drain on side and back by spending 10k2.

Lots of valuable insight on this thread already..Since you are an agent, you are in a good spot to source, close on, or sell potential BRRRR deals. 

How about a credit against their final month’s rent, assuming all payments are made on time?

@John Zhang If your wife qualifies for Real Estate Professional Status (REPS) and materially participates in managing rental properties, there is no limit on the amount of rental losses, including depreciation, that can offset your W-2 income.

I would say NO, do not spend your money or your parent's money on any real estate training.

The partners between a realtor like myself (proficient in renovation experience), a general contractor, usually a loan consultant to support the buyer and the lender, (along with a buyer and seller of course) are the parties involved.I come across so many homes perfect for 203k or HomeStyle buyers, on and off-market, it isn't funny.

I had two lines of credit one unsecured for 5 million ( check book) and another for 10 million that we would secure them up with .. but you need time to do that bank required appraisal etc before we could tag the secured line and even at that they only lent 72% in these commercial loan structures..

Most people will sell you on the upside—cheap properties, high cash flow, and a growing city—but they conveniently skip over the challenges.Tenant risk is real.

Which lenders consistently have the lowest fees and close on time? 

Even after renting, you should check the market every month or so to keep an eye on prices, vacancy rates, etc.