BKs, write-offs, collections prior to the six months I just ignore, but issues during this time is my primary criteria - - what's happened here will happen to you too.

On the front of the envelope (which can contain blank paper or whatever) write "address correction requested".

(I am writing about general terms, there is lots to know about this process, you should research it for yourself if you think you want to do this).I did one about 7 years ago where my tax would have been $40,000, I did an exchange for a house in Florida, it turned out wonderfully, I saved the $40,000, increased my equity and cash flow, which means I was able to buy at a greater value and not have to kiss that $40,000 good bye!

At this time, if I were you, I would write them a letter, email, leave them a message, dictating your rental policy as spelled out in your contract.

As a new investor in the learning stages I'm gearing up to purchase my first property in 2016 and writing down a few goals for the upcoming year.

3.Should I give up all hope on saving hard money costs and write it off as a cost of doing business until I put up all the construction costs myself?

Also, getting everything in writing might help you to make sense of things and to make sure you are on the same page with everyone you are negotiating.

Sourcing extremely undervalued property is the talent you want to develop.  

The tenant is responsible for the deductible (I write that into the lease).

Figure out what you can, can't, or won't help others with in writing, and communicate that to them in great detail, however it makes sense.