In Tax Free Wealth by Tom Wheelright, he talks about doing cost segregation for all of the pre-existing stuff like cabinets, appliances, floor coverings, parking lots, fences, landscaping, etc.

I am ok with commuting up to 30 minutes, so the areas I've been looking has been from the mid Raleigh area (draw a line from NCSU through downtown) all the way down to Clayton, NC.My fear is purchasing a house which doesn't appreciate at all, having trouble selling quickly, or having trouble finding a renter to cover all costs of the house (including a property manager). 

Assuming all rents are substantial they should be able to cover my debt service and any other expenses needed (repairs, water, vacancy, cap Ex, etc.) 

Will some type of waiver signed with the lease cover me?

From the pictures, the units look to be in good shape with updated hardwood, paint, and appliances. 

Here is how it can play out in both scenarios (there are more pictures on my website).FlipPurchase price $72,150 (includes closing costs)Rehab $40,353Holding costs $2,184AVR based on appraisal $150,000Closing costs on the sale %10,500 (7% includes realtor fees, concessions, and title fees)Profit = $24,813 (if we sold it at the appraised value relatively quickly.  

My agent tries to push business policies that cover liability, reconstruction as well as rent loss and coverage on anyone working at the property etc. 

on the new one to cover the difference between the sales price and conforming limit.  

Now that I have two properties, I'll be getting an Umbrella Insurance policy which should be able to cover me for 1M+ in liabilities.  

9)How will my hand tattoo (fully covered hand) affect me while looking to tie my license to a brokerage?