Our building company would be hired by the LLC to complete the renovations, and we would put a small markup (not as much as we usually do) on our services just to cover overhead.  

He takes great care of the space, does minor maintenance himself, and I get the rent usually EARLY by a day or two. 

I would agree with JD Martin that is pretty cheap, especially the walls which usually involves drilling 2 holes every 16" between the studs.

Usually you need to be a salesperson for a certain amount of years before you can move from being a salesperson to a broker.

I would like to feel like I knew what I was getting into if I did use private or hard money" - Very High interest rates, usually not as much concern for personal credit score etc (this will vary between lenders) and more looking into property and experience."

Best place to look for investors are your local meetups, ask around, usually the more experienced players don't show up too often.

or try for sale by owner (Craigslist)...We'll explain that there will be more fees involved, and that it will take much longer to sell (especially in this market, compared to a few months ago) - but that if they're not in a rush of any kind, that it's usually their best option...In our experience, the best thing is just to give people real advice, and if you can really help them out - tell them that.Small margins are also tough for rehabbers, who are taking on risks and spending lots of time and money on the rehab.Best,Sean

I was told the banks usually don't notify these entities during the payoff process.

Whether or not property can be mortgaged (or in some cases sold) is usually determined by whether a title insurance policy can be issued on the property.

If a tenant is over that percentage, there is usually no fee (other than install and maintenance).