The most common features to this loan type are a 20 year loan, adjustable rate every 5 years, and at about 1 point higher than their Fannie/Freddie counter part. 

A common one I've seen is to not allow delayed financing for the rehab costs even if it was on the HUD and paid out via escrow. 

Is above deal common in this area ?

You have an obligation to be sure that the current tenant's belongings are secure.Most commonly around here, a Realtor's commission is 1 month's rent. 

If I do utilize a CPA I am assuming I need to use one in my state of residence, correct? 

The most common features to this loan type are a 20 year loan, adjustable rate every 5 years, and at about 1 point higher than their Fannie/Freddie counter part.

Has any Rochester, NY investor dealt with properties that have no off-street parking  (I'm assuming it is quite common)?

Points & Fees: how many to lender and broker (if you are utilizing one)?

Direct expenses can be deducted in full (such as advertising and tenant screening), while indirect expenses have to be split proportionally between personal and business use (such as utilities, insurance, etc.). 

I have decided not to pursue conventional higher education (i.e. college or tradeschool) I have no aversion to hard work but would rather utilize my blood sweat and tears to make myself money, not somebody else.I am fully aware real estate is not a get rich quick scheme so I'm coming to the forums to ask for any advice on what vehicle of real estate investing I should pursue...