We were originally planning to sell and take our full proceeds ~$220-240k+, close on the new house ~$185k down payment, and have cash reserves or use the excess for the start of a down payment on another rental property. 

This makes sense, and if you have an excess of money every month after expenses, the reserves don't need to be quite so well established.So how much do you hold in reserves?

Conversely maybe she gives her excess cash to a church or worthy charity.

When tenants complain, appreciate it and listen very carefully to what they say-- multiple tenants complaining about excess traffic means you have a drug dealer and you'll need to get them out asap before you have a shooting in your building.

Overage Percentage - This calculation is expressed as a percentage of the gross revenue (collections) in EXCESS of a base amount. 

It does cover the cost of cleaning for a typical 3-month lease, but guests who renew their leases and stay longer often have excessively time consuming turnovers.

Hello Derek, If you have some experience with fix and flips as an investor and a good credit score I think you can find a better rate but 12.5% isn't excessive since it's your first time.

@Erin Dorsey Robinson Secure a 6 figure income, live in the cheapest apartment you can find, eat beans and tuna, spend no money on anything other than essentials, then funnel all your excess cash flow into buy and hold real estate.

If the assessed owner or heirs redeem, you might get only taxes plus interest, and lose the excess over that paid to the wholesaler.2.

The most common complaints I saw were excessive fees, and then it being nearly impossible to reach someone on the phone to discuss said fees.