Same as above, the real fix happened after closing, because obviously drywall wasn't the full extent of the problem, but I want to minimize how much I spend on fixing a home that I do not (yet) own.- A lot of pest report stuff that no one would care about on any non-VA transaction.- The important thing is that you do this AFTER you're 100% certain that this is the house you want, and that the seller doesn't have any "outs" to back out of the deal without consequences, and that any pesky underwriting conditions are signed off too (juuuust in case).

My basic understanding of insurance is that insurance is a waste of money until you need to use it. 

Ever hear Haste Makes Waste? 

A CFD has risks, talk to an attorney about minimizing that risk.

@Joseph Perez I’ve planned on buying a duplex and using the rental income to minimize my living expenses.

Clearly, there is money to be made purchasing distressed properties, making minimal repairs, and renting them out to Section 8 and VA voucher recipients, but this doesn't necessarily help stabilize a community because the residents have no skin in the game.

Why waste your time building a SO CALLED TEAM?

Doing the work themselves will minimize expenses.

If you can leverage up then 20 to 50 million is a nice business you will make about 1 to 2 million a year if you won the company.it sounds like you have zero experience so HML is probably far to risky .what I would do if I was you if you have a million or two .. use an established HML to place loans for you in their network and shadow it learn what they know and how they vette then after a few years go on your own.HML at the 100 to 200k range as an example is a waste of time not enough money in it at least for a business to eat off of.

Take into consideration this will be my first rental property, so whatever I need to do in order to minimize any potential downside risk I'm all "ears"!!