The list goes:___ One Story___ Two Story___ Minimum Number of Bedrooms ______ Minimum Number of Bathrooms ______ Jacuzzi Tub___ Separate Shower___ Half Bath___ Garage for ___ Cars___ Carport___ Great Room___ Formal Living Room___ Formal Dining Room___ Upgraded Kitchen Appliances___ Granite or Upgraded Kitchen Countertops___ Breakfast Nook___ Storage/Closet Space___ Basement___ Bonus Room/Playroom___ Fireplace___ Hardwood Floors___ Inside Laundry Room___ Covered Porch___ Outside Deck___ Brick Exterior___ Siding Exterior___ Wood Exterior ___ Stucco Exterior___ Hardie Board Exterior___ Swimming Pool___ Fenced Yard___ Large Yard___ Landscaped Yard___ Natural Gas (water heater, kitchen, fireplace)___ Septic Tank___ Sewer System___ Waterfront Property___ Golf Course Property___ Located in ________ school zone(s)___ Close to public transportation___ Located within ___ miles from work___ Located within ___ miles from ___________ Located in a homeowners' associationThe grading scale for those items is: A = Mandatory, B = Neutral, C = No Desire, D = Deal BreakerI need expert opinions on this, so I came here. 

(Naturally, I assume you only touch the money for further asset purchase or development).I am not a lawyer or CPA, but if I look at your example and pretend you would be able to do the exact same deal again, you could buy #2 BRRR and pay the $50K cash from your property#1 HELOC.

Well im naturally amazing at sales.

Now I feel like I'll have to keep an eye on the house more...i love dogs, but ,in my OPINION, their nature is destructive to what we consider 'nice'.

It could be just the nature of the deal, putting it out on MLS since craigslist is not drawing anyone. 

Also, even though flood insurance is not currently required, I would still factor it in as a precaution since Mother Nature has a peculiar sense of humor.

If you would make a list of things I hate, understanding what exactly is the nature of a lien on loan I am about to buy would be right there at the top :) Is it against the current borrower?

Often, because of the nature of the Condo Assocation, your Insurance Company may want it submitted to the Assocation first to determine what parts of the claim they will be paying. 

My stepdad is living in Greenville, CA and he has had a very hard time keeping insurance due to the remote nature and fire danger of his investment property.

This is assuming you can locate properties of lower class in higher rank areas.As to weather B or C area is better, the way I look at it is the following factors:Yield: What are my investment return goals, naturally higher risk, C areas will produce better yield.