Depending on the severity of smoke damage and structural issues, it could be a huge challenge for first time flip.

Can you provide guidance on how to get started and some effective strategies?

Another benefit is it is much easier to diversify into multiple markets, asset classes and operators.Just wanted to share an alternative - often active investing is the way to go, but it really depends on the person and it is important to know that there are passive ways to accomplish your financial goals.Good luck!

Depends on the city & airport. 

Although your message is from a while back, I'm happy to provide an update.

Contact the utility provider and get a historical average based on the last year of use.

There’s no risk and all reward because if somebody can’t provide ID, they’re not going to be able to rent from me anyway.  

The seller was willing to take a secondary position on other property assets and provide a 3yr 4% interest on his loan.

The amount of capital required from your savings to purchase multiple properties depends on the appreciation rates.

Depends on the brokerage you have, but the one we use currently has a rate at 5.83% at 50% LTV.