Numbers look good...You can always stretch it into a 20 or 30 year loan if you need to ensure positive cashflow.

Both agents and appraisers will be making an educated guess, so either way it's important to find a professional who knows your market to ensure the educated part.

But from a residents POV we all still have to live so we continue as usual just taking precautions and measures to ensure our families are following safety procedures using filters and bottled water for consumption as much as possible. 

I listened to a podcast on BP a couple of days ago about finding a good property management and doing the rigorous interview process to ensure a better outcome.

We treat them as two separate contracts - I like to envision dealing with two separate parties to ensure there is no cross linkage.The first question to ask yourself is: If they break the lease, do you care if the option stands for another 2-years (as in your example)?  

As for the refinancing, I would ensure that you're running numbers on loan to value ratios on your investment and also your primary that your extracting cash from.

I don't want to be taken advantage of, so does anybody have advice for ensuring that they are compensating me for the leads they convert into deals?

There is a consultant/inspector hired by the bank to monitor the project along the way to ensure everything is up to snuff. 

Could possibly pay them on sale of finished property if you know them and they are on time with reno's in the past. 4) Buy with your money and renovate with your money and hold for 1 years to ensure tax burden is better and rent out in the meantime after you reno. 

I would just recommend that you review these to ensure they are in line with the Class of asset and class of area (i.e. if this is a class C property in a class C area, you will want to probably over estimate your maintenance costs due to age of property and include a bad debt factor for any lost/missed rent payments).Finally, since you say all these expenses are estimates I would highly recommend having your realtor get a T-12, Rent Roll, and P&L from the current owner.