My opinion is ultimately the PM company should be held liable to make sure this vendor gets paid.The PM agreement states: (21) hire contractors to repair, maintain, redecorate, or alter the Property provided that Broker does not expend more than $ for any single repair, maintenance item, redecoration, or alteration without Owner’s consent; Leasing & Management Agreement concerning: (TAR-2201) 6-1-10 Initialed for Identification by: Broker/Associate and Owner , Page 3 of 11 (22) hire contractors to make emergency repairs to the Property without regard to the expense limitation in Paragraph 4A(21) that Broker determines are necessary to protect the Property or the health or safety of an ordinary tenant;3) Should/Could the vendor file a mechanics lien at this point?

You just can't expect to cash flow on an initial purchase with a low down payment.

I'm eager to get my feet wet and get started, I've educated myself enough to take my first step and get the ball rolling.

If you're looking to flip, you need to start looking at kitchens from sold properties in the same neighborhood or price point...if they all have laminate counter tops, don't install granite.My take is to always assume an initial cash outlay to push future maintenance...like higher end finishes and appliances on the bet that they won't have issues for 10+ years.

I made an offer but I’m not sure if I should move on to the next step based on the reply I got.

Hello, I'm 27 and have been living in an apartment for the last 3 years. I've always thought about real estate investments as a future goal and I've recently started looking for my first home to purchase. Financially,...

For an initial review would you suggest to simply use the 50% rule and only if the initial metrics pass would you due further due diligence such as request as expense breakdown from the seller?  

Also it is a live auction at the courthouse steps. 

My goal is to get my financial freedom and get 5k a month in passive income as one of my initial goals for real estate. 

I have a feeling your list will grow significantly when you start working and you will blow your initial budget.2.)