@Melanie HeigesOkay. that makes sense.You have a few choices for flips:your own cash, or cash pooled with other investors.hard money or similar private lenders.You don't typically get a traditional bank loan for flips due to the condition.So, you would either get hard money loans that will lend for distressed properties or use you own cash.Hard money lenders base their lending on the project, not on your personal finances.

What does a typical deal look like for you?

Traditional lenders typically won't finance your rehab costs, so depending on how much equity you are willing to put in, HMLs are the way to go. 

The house I am renting is not a typical rental it is a 6000 square foot mini-mansion.Thanks for all the replies this thread has been very educational.So if I am getting this right my lease will renew on a month to month and if I or my tenant wishes to terminate the contract then a 30 day written notice would need to be issued.The month to month I am assuming also that the TAR contract and the provisions are what is renewing. 

It's typically on the PM to keep you informed as to the income & expenses of the property on a monthly basis.

Monthly billings fees are @ $5 which is typically paid by the end user (tenant) as a line item on their monthly sub-metering invoice. 

However, typically you have to cover the downpayment first, close on the property, then execute the 2nd mortgage that will essentially reimburse your DP funds. 

Typically attorneys handle the eviction process, but a PM may charge an eviction management fee.

Typically you can motion for a BK case to be dismissed, but these sort of things depend on many factors.

What are typical refi fees?