- Legal and Regulatory Concerns: Are there any local laws or regulations in Fredericksburg, Virginia, that I should be aware of regarding pets in rental properties?

I know that my COC my be lower, etc but my main concern since its my first property is being cash flow positive.  

By this I mean the liability event that has you so concerned. 

Depending on where it is, your biggest concern should be will the new furnace, AC and hot water tank will still be there after you close.

My main concern is whether it's hard to meet their criteria for properties and secure funding.

I see the concern though...

Unfortunately, I tend to agree that they really are not concerned with whether or not you have to cancel bookings. 

Title changes or profit-sharing arrangements could raise concerns if they violate owner-occupancy or primary borrower rules.Financing in Your Name: Since the 203(k) loan will be in your name, you’ll be fully responsible for repayment.

Though the property and surrounding areas look nice in the pictures, the doors and windows has bars which concern me.I am just starting our my RE investment journey and all help is greatly appreciated.

Why I am leery of these "creative" things for people with little to no money One of the concerns of going to fast is over extending beyond their resources.