Let's arrange a chat soon.

I'm still in the learning stages I really do appreciate your time and help now I am one step closer to achieving my dream thanks to you.

Two minds in the beginning stages are still better than one, message me and well meet up for coffee. 

For those of you who flips or do a rental turnover that the renovation may last a while - let's say longer then 3 months - during such time the property will be vacant and you may have expensive tools laying around, as well as materials and appliances being stored at various stages of the process, what do you do to secure and keep an eye on the property during that time?

staged improperly. 

Fortunately, she has largely out of the chewing stage.

Once I see the condition of the property, obviously there will be no inspection contingencies, so are you just taking a risk that after closing there is no major foundation/electrical/structural issues that would severely bring down the value of the house and significantly increase rehab costs.2) If the owner lives out of state, let's say inherited the property from parents that just passed away, how do you arrange access to the property? 

Maybe bring a bit of furniture & accessories from your own house to stage it (or rent from one of those rent-to -own places, tip from @Brandon Turner on a podcast, I think).  

However, I'm not entirely sure of how the arrangement would be structured.

& you are right...rent to price ratio doesn't make sense.Listing agent advised listing it for $620K, staging it, etc...Property is free & clear, but what i could net is still not enough to do a good 1031 exchange.