I don''t know ANY educated sellers that would accept $20 and 30 days due diligence.

But when I hit 40 I realized "Uh, I love doing this s**t -- why retire?".   

If you are obtaining bank financing, the bank will more than likely want an environmental study performed, these studies can cost $1000's of dollars depending on what is discovered on the property.Is there a need for this type of property in the community?

First step is to obtain some basic knowledge of financing the types of property that you are interested in.

This is the cap rate that you obtain from the market participants i.e. commercial brokers, lenders, investors, etc.

If your goal is simply "to get tax benefits and obtain financial freedom," you will have a hard time staying focused and getting anywhere. 

I was able to obtain data on 10 comparable units over 1000 sq ft.My HOA fee: $979My HOA fee per 1% of common expenses / ownership: $421.22Average HOA per 1% common expenses / ownership: $344.02Lowest HOA per 1% in sample: $216.832 out of the 9 other units were in line with my fees.If my fee was based on the average of these units it would be $799, a significant monthly savings.

The maximum rehab loan that can be obtained is 35k, so the contractor's total estimate needed to be within that budget.

Is that good or fair or is it standard for LP's to obtain a higher return?

@Alex Gaeta Jay T Harker is a great contractor, and James wolfe is the plumber I use