If they are not motivated at all you can remove them from your marketing list essentially eliminating 6 more failed mailings. 3. close a deal on the spot. 4. learn their situation and build a rapport for a future deal or suggest a different product/option.  

If you choose to use one, disclosed dual-agency would take effect and without going into it in depth here, essentially YOUR best interests still would not be represented.

So essentially this would only be a retirement investment and not something that could be used for monthly cash flow / income.

The PMI is essentially built directly into the loan in the form of a higher interest rate.

It's essentially a document that the tenant signs affirming certain facts.

You are absolutely right, in that your 100% cash payment is essentially equal to 2-3 downpayments, generating a hefty multiple than 1 house. 

Sufficient insurance coverage is also important and is essential for those with assets at risk, esp. if not forming an LLC.

Make sure to build a sufficient safety net of cash to fall on at any given time. 

You planed on doing the kitchen, the electrical panel does not need to be done, where is the issue.A thirty year old home with a messy electrical panel is not a safety issue and does not require your attention.

I would also add that in a hot market, if you are adding real, honest to God value, as in developing out a lot in your case Jay, then it is possible to essentially pay market value and still make a great return.