I am realizing some of the gaps in my book knowledge and the practical knowledge required to see a deal all the way through.

They are currently 10 weeks, and required before you can make a permit application for a house. 

  (2) Variable cost: platform fees from Airbnb and VRBO, lodging/hotel/transit or whatever pass-through tax your local AHJ requires, cleaning fee, cost of replacement for consumables, repair and maintenance, etc. 

I may be able to STR a spare bedroom but that would be for later.Background: A fixer upper, but I do not know how much fixing is required. 

As I mentioned every person and their criteria is going to require a different loan program and each loan gets risk graded based on several factors.

Just make sure you have all the required permits, including alcohol.

Majority of the houses are old and require frequent repairs in addition to a poor tenant base that can't pay on time and don't care about their credit.

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

That could be a good opportunity, but underwriting of a seller-financed fix-and-flip deal requires careful analysis.

And THEN, the same $1 fee is required when doing a transfer to pay me their utility bills, so then I discounted those by $1 too.