Depending on the room my sister has a nice wall mounted electric fireplace that you could put in depending on the room. 

All PMs should be using independent 3rd party vendors, or owner preferred vendors or owner home warranty companies. 

I have heard (from a BP podcast) that when the IRS hears "home business" they sometimes like to audit that person so ensure all your "t"s are crossed and "i"s dotted!

As a buyer, I feel better with the FHA appraisal, someone going to check that the place is in livable condition for me, in addition to my own independent home inspection, I know what I'm getting into.203k IS the FHA renovation loan option.

So, we got the home appraisal today and the appraiser made it contingent on the following;1-independent GFIs are installed in kitchen, bathrooms and laundry room.

Before doing this, I do plan on asking the local utility service to do an energy audit to make sure if there are indeed any air gaps/ insulation issues, they are resolved so that the tenants don’t feel like I am screwing with them (they are all TAW).

Real Estate Agents as independent contractors are eligible to contribute to a Solo 401K, and invest in real estate. 

To become more financially independent would be sweet!

Here is a list of documents I tend to ask for:Completed ApplicationPhoto ID (Passport or Driver's License or State ID)Most Recent Tax ReturnMost Recent W-2/1099 (If Independent Contractor)3 Most Recent Bank Statement (Showing Maximum Liquid Assets)3 Most Recent Paystubs-Student School Schedule and ID (if applicable)Pet License (if applicable)Pet Vaccinations Records (if applicable)Landlord Reference Letter (if applicable)Proof of Rent Payments (if applicable)CPA Letter (if applicable)If they can't provide sufficient documentation for you to approve them as tenants, then it would be better for you to move on to the next applicant.

Don't allow financing or a finance contingency (it can be a good indication they are selling above market value) 2, Don't allow for your own independent property inspection 3.