Hi Andy, how are you, good to meet you, For starters, I work with Steve Wolterman and in the event you need a great qualified intermediary, I would highly recommend his services. 

Of course, the floor plan has to be conducive to this.

so, it could be ( am throwing out random numbers) a purchase price of $350K with $10K down, and then 30-year amortization at 6.5% with a balloon payment due in 5 years. 

Is it fairly priced for the size, location, quality, and other factors?

I was wondering if it is worth paying for BP pro membership for the special discount with Home Depot (e.g. flooring, appliances, etc). 

@Paul Cijunelis  thank you for this response Paul, well I firstly got interested in CRE when one of my high school teachers told me about how he does it and that kind of started my interest, I really love CRE because I've noticed it's a very lucrative and risky business like high risk high reward, but not just that I really love seeing a bunch of properties being brought back to life with renovations.

Purchase price: $230,000 Cash invested: $283,550 Sale price: $283,500 Purchased off market. $25,000 Rehab. $20,000 profit after realtor commission.

You can easily wire a second thermostat in parallel to the one the tenant uses and have it preset to a floor temperature.

. - What price point can you afford?

Confirm that your policy explicitly includes this type of rental to avoid gaps.I would highly recommend an umbrella policy.