@Thomas S. - Helpful and agree.

There can be a ton of paperwork, and some banks can get caught up in bureaucracy, but environmental inspections, appraisals, any other "Phase 1's," etc. are all standard.1 - I'd say 60-90 days is a generous closing period for a property & buyer both with good records and have their ducks in a row.2 - Of course. 

s #1.

You still may have some great tenants, but it's really going to depend on the quality of the property and size of units. 2/1's with 800 to 1,000 sq ft is pretty standard fare.

But it s done as a 30 year term payment at todays investor rehab rates , say 5.50%  with no pre payment penalty and based on ARV.

I think generic #s sometimes cause fear and prevent people from take that leap toward success.

@Thomas S.

., you wouldn't think twice about spending $100,000's of dollars for the education needed. 

Never had any issues in any 80's or later model homes.

s 1.) 1% rule very realistic in new builds 2% I can't imagine how thats even a mention with new construction to be honest very very unrealistic.2.)