The rent will need to be a 'fair-market' rent, i.e. is it equivalent to what a non-related party would pay, or a similar rate as other SFR's in the area are charging.Additionally, for further proof of intent as an investment, it is never a bad idea to have a lease agreement with your tenant, whomever they may be.

And Honestly no one said that This Real Estate Game was Easy, i had my fair share of struggles, still struggling a bit now but im not giving up, you shouldn't either, just know you aren't the 1st nor will be the last that starts to struggle in their RE Venture.

I am now in the process of contacting a GC and getting to know who can do what at a fair price AND ON TIME.My question: has any experienced flipper ever partnered up with a neophyte and showed him the ropes.

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff. 6.

DC to Boston has flights every hour out of 3 different airports for pretty cheap, so I was able to get there fairly easily, but I didnt have to go there unexpectedly about twice a year to deal with crap.

Otherwise, it's really best to focus on homes you could actually buy for a fair price.Don't worry if they are truly as overpriced as you say they will become tenderized then you make the offer. 

As someone who lives and invests in Akron are you saying 80k sounds fair?

We often have neighbors ask us if we have more properties because we just try to be friendly and fair and our tenants seem to appreciate our open communication and simple processes as well!

The lender will need to ensure your net operating expenses can cover the debt and they can't establish that without solid financials.  

I'd say - firm but fair - if you have to.