I can put max 10% down on this property but the bank lenders are saying this would be a investment property and so I would need 20-25% down. is there a way to buy the 2nd property with max 10% down?

He called locksmith which cost 350$.Now, tenant wants me to deduct the amount from the monthly rent.Generally speaking , whose responsibility is this?

So at some point it’s easy to figure it out.

Thank you, @Stuart Udis  I would say we are very risk averse and so the the answer to the operational questions posed is a yes. 

There is still a lot I have to learn, so my question is going to be as basic as it gets. 

For you, it makes sense, so I would focus on getting people like you - home business that could use a smaller space to make it more open to the public.

That being said, most lenders will require at least two years of W2 tax returns to verify income and assess risk when granting a loan, so acquiring finance may be complex. 

Here customers happily pay 20-50% up front.One piece of that is that the 'profit' on each draw is not distributed but used to purchase the next round of materials so the project goes quickly.

I’m not at a point where I can start real estate yet, but I’m interested in learning so that when I get the opportunity, I’m ready.

If you have so little confidence in your contractors quotes I would find a new contractor.