If they are professional, they can explain this quickly and easily.

A quick Google search should get you headed in the right direction.

However if you're getting a great deal on the property to begin with, maybe don't be snarky at all... have your agent get their handyperson in there to fix that stuff up real quick.

I learned that you have to ready to write and offer quick in this hot market.

Needless to say, I messed a lot of things up.Some things I know for next time:-make sure to include security deposits credit and prorated rent credit in the purchase contract-make sure to keep all addendums that may be needed saved on computer for quick access-get all the necessary documentation for rehab funding from the contractor before going into contract on the property (my lender needed his insurance, workers comp, experience, etc. and I was not able to get rehab funded in the loan because the contractor would not send this to me and it was too late for me to find another contractor)-check that title has gotten the documents correct before they are sent over to the seller-take pictures of the house during the walkthrough for insurance purposes-check for flood zone early on -give yourself a realistic timeline for closing-check reviews on title company before choosing oneDoes anyone else have any recommendations? 

Timing and luck.Hope this helps and encourages others to consider the rural areas that make sense.Good Luck and Happy Investing

You money seems like quite a bit now but it will get eaten away quickly with living costs, holding costs, etc. 

Well at the time just that house was a deal because it was hard to get into a house with this many people coming in and buying a property as quick as they were so for me to get the that price on that house and close the deal was a deal now it's worth three four times as much as what I paid.

In the Boise,ID metro we generall use 40% as a general quick analysis plug. 8% for property management, 5% for replacement reserves, 5% vacancy, etc.

By the time I got the rehab done, rental in place, and started shopping again, the six months came around quickly.