To do this, I know that I am going to need a strong team behind me.

I plan to complete and fix the wainscoting and chair rail in the dining room/foyer and finish with a two-tone pain of white lower half and off white or cream above.

Instead of AA I'm going to need PA.

I think you are probably going to need to be more around 5-7K on this, and that won't really leave anything for your fee.The end buyer is essentially paying the tax either way, if they get paid out of closing then the PP goes up to account for that, if the buyer has to catch them up after closing then the PP goes down accordingly.

The finance part is only part of the costs  you are going to need to budget for if you decide to go the rental route 

Unless you are great at getting private money at attractive rates you are going to need the banks money.He who has the gold makes the rules.

History of being a landlordWhat am I going to need extra?

I didn't respond to his last text, and he had the courage to proceed and say "If you're gonna want me involved in this project I'm going to need to know I am starting to get very busy"...

But, if you have unexpected expenses or happen to need more cash flow for a month (or more) you can always go back to the minimum payment on your 30 year loan, but you won't be able to convince the bank to let you skip some payments if you had opted for the higher 15 year payment.So, how much is that flexibility worth to you?  

Through partnering with my parents I can figure out ways to acquire property on credit but a lot of the best deals seem to need to be cash at a foreclosure auction.