2) Please define "above market upside in year two and beyond" as not understanding... 

In this option your agent would either get paid from you directly in your closing costs OR from the seller via seller concessions.like Russell said, if you are comfortable with the transaction and understand what you are signing and you don't need things explained and you have connections with inspections and title companies then go for it.

Yes, as far as my non-lawyer understanding of the laws read, it doesn't matter that there is an end date in the lease, you still need to provide proper notice if you are not going to renew it.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

They'd be much better off being a Hard Money Lender and make 5 times that (and every repair to their "investment house" is paid by them...So, if you put $10k down on a property and make $150/month net cash flow your Coc Return (annualized) is 18% which is Very Good.If you followed that and understand it then keep looking for a deal.

Its comical how few people understand how luck in a particular economic cycle plays into their successes. 

You'll need to really look at yourself and understand what you do well and enjoy, at the end of the day if you enjoy what you do you'll have more drive be successful everyday. 

Understanding what a good deal looks like.

Speak with lenders early to understand your borrowing power, and explore multifamily properties to maximize your house-hacking potential.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!