(He's in full-time graduate school and graduates next month.)OR I can continue paying our monthly mortgage payments and save up towards another down payment for a second property.Here's where I get confused.Why would I want two home loans, with each property cash flowing ~$300/monthly, when I can just pay off one home and the monthly income is greater?

These type of properties, getting an all rented property for cheaper to fix-up later (basically the brrrr strategy) it pays for itself and cash flows are the only properties I am interested in...less work the better but the renovated properties still seem to be out of business model in terms of coming up with the down payment and re-payment strategy of being able to pay it off in 5-7yrs as we don't need the profits to live we just continually pay more principal from the rent. 

I also investigated a home equity line of credit.

I'm sure the debt you'd have to service on this loan would be less expensive than a hard money loan, also this option keeps your cash reserves higher thus your risk exposure down - as you would only have to make monthly payments and come out of pocket for the renovations.Just make sure to do the necessary renovations to get the dollar value you are seeking on the sale and I'm sure this opportunity could be the one to get the confidence under your belt to continue investing down the road!

I think his attitude towards the errors will speak volumes as to whether or not you should continue with his services. 

Understand I use BP to continue my ongoing education of real estate and ask questions to get feedback and information. 

It's not in too bad shape, but was a smoker's house and hasn't had any cleaning done in years.Based on a quick walk-through I'm looking at internal painting, minimal external painting, carpet replaced (or removed to get to the hardwood floors where possible), a bunch of minor repairs to things like gutters/eaves/etc.In a perfect world, this relationship would continue to care for the property as issues occur in the future.

I have already used up my "trial" look ups and am at the point that I would need to subscribe in order to continue using the service, so I am trying to justify if it is worth the cost.  

E - 1/1 $450 lease from 7/26/2006 - Middle aged male likely to continue to stay for an extended time.Taxes on the building would be roughly $2500, Insurance estimate $1200.

Do you bill the client (me), or do you allow for rollover if you continue to be engaged for the service until consummation?