I used a conservative 5% to assume that the original conventional loan will be what I receive even though we are not quite at 5% yet.Is my line of thinking wrong perhaps? 

After receiving the resale packet for the property from the property management company it was identified that the HOA was operating in a monthly deficit and the reserve fund was only at about 32% of what the recommended amount was.

Could anyone share some insights with respect to how long it will take for us to receive inquiries from tenants looking for Section 8 housing?

The education I received through the podcast was invaluable in giving me the knowledge and confidence to do the first deal.

If so, you should contact the insurance company.You will likely receive a check from the insurance company made out to both you and your borrower.

To add to the good information you already received, if you can qualify for a  traditional bank or even credit union loan great, because your rate, fees, and terms will most likely be much better than a hard money loan. 

I would sign it - as long as he signs a document stating that:  if his dog does in fact bite you or a loved one that you won’t help hold him responsible however you will have the right to shoot the dog in the head .

I received rent for 3 units minus this tenant on the 10th of Aug.

Since creating an LLC, I have been receiving emails from Kabbage. 

But I also mentioned that I had a case where I asked for and received a "certificate of insurance" from the tenant certifying he had it, then a few days after sending me the proof, he cancelled it.