My current lease states that my late fee is $25/day following the due date so if it was 10 days late the total late fee due would be $250.

For example, if they have a financial issue they know that communicating proactively and honestly gives them the best chance at getting a late fee waived.Also, when I am being flexible, they are reminded that I am being flexible.

It works for me and my cadence, the hit rate is less than 1% FYI.

This may affect your ability to hit a desired cap rate or monthly cash flow. 

The better route is to convert to MTM with 45-day Notice Period, otherwise you get to charge an Early Termination Fee. 

Market Selection Criteria: To choose the right market, consider factors such as:Economic Growth: Look for markets with strong job growth, a diverse economy, and increasing population.Rental Demand: Identify areas with high demand for rentals, which can be indicated by low vacancy rates and high rent-to-price ratios.Affordability: Ensure the market offers properties within your budget that also meet your cash flow and appreciation goals.Property Management Quality: Verify that there are reliable property management companies in the area to handle day-to-day operations, especially if you are investing from a distance.Comparative Market Analysis: Perform a comparative market analysis to compare potential markets.

Either you do a double closing taking title to the home and selling to another buyer simultaneously or doing an assignment of contract where you assign your interest to another buyer for a fee. 

I am also getting 10k seller credit from seller, and could either use that one to buy down interest rate or just pay off the closing cost. the lender is giving me few option one with higher fund at closing and lower interest rate, and one with lower fund at closing with higher interest rate (about 0.2% difference) With the high interest rate right now, do you think it is better to do higher interest rate, and refinance later or should I just try to get as low as interest rate as possible and do not worry about refinance ? 

The money lender gets his percentage from lending the money at his rate.

Just need cash inflows, cash outflows, and discount rate.