I'm looking for long-term investments so at a minimum I looking to cover cost and start building reserves.  

A tax person should confirm or deny that though. 

Learn how to run comps and analyze deals the best you can (search on the BP blog for 65% rule for wholesalers) and then when you think one might be a good deal, bring it to the investor who has agreed to purchase the property, and ask him to confirm your comps and give you feedback.10.

If they are down to drop PMI without refinancing, and you are given the choice between paying for a cheap BPO or drive by appraisal, and a more expensive full appraisal, to confirm your equity position, pay for the full actual appraisal.

Can any confirm that this is a problem or provide any ideas to get this remedied other than repairing the drywall prior to the loan?

The only time I typically see permits checked during a closing is by the title company when they run a lien search, and that's just to confirm there are no open permits that have not been closed out by a final inspection.Also, many interior renovations do not even require a permit (plumbing, electrical, windows, and structural changes certainly do, but not cosmetic stuff such as flooring, cabinets, countertops, painting, light fixtures, etc).My point being, refinancing may be a viable option (it sounds like you were already thinking along those lines).

I have written "if there is a conflict the landlord reserve the right to pick the correct statement that applies"  For example, I might want to mention in my addendum about how many overnight guests etc.Thanks!

If the HOA has a million in reserves, you probably don't need to worry much about rates going up or special assessments.

I spent 4 years in the 82nd Airborne Division and I am now in the Reserves.

You can request bills and tenant ledgers to confirm that the numbers the seller are giving to you are correct.