I will hire out a lawn service for mowing  ,but how do I go about  paying the water bill, not able to figure this out .

I hired someone else to work on the project, and I am okay with paying him in full and just moving on to the next project.I have already paid him ~300k, and ~40k of the last payment is remaining.

If the numbers do not work, or the borrower does not seem likely to pay me back I don't.

At the cost, and given the benefits of most mortgage insurance offerings, is it worth it to pay (however much extra it is)?

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

However, I'm really interested in what an investor would be willing to pay for it given they can rent to 2 different families

Cons:Lower Cash Flow: Properties in cheaper markets often have lower rental yields because I have to pay taxes, insurance, CapEx.Market Risk: Cheaper markets might be cheaper for a reason, with slower appreciation and higher vacancy rates.I won't fix my foundation.

What is worst is when they run out of time on their current hard money loan and are paying penalties/very high rates for going past the maturity date. 

Save and pay down mortgage to 20% equity ($292,000).

He obviously oversaw everything and approved, and we of course pay extra for that.