Or would it look better to have the minimum down payment and show that I have a fair amount of savings (about 6 months of mortgage payments saved up)?

The practice you get from analyzing deals will help to ensure you don’t pay through the nose for your first deal so as long as you know your limits and don’t bite off a bigger project than you can handle, it should be a very positive and informative process.

I send an email on June 5th stating that I have not received the rent check and please ensure I get it. 

Is that fair?]

You'll want to ensure you keep title clear and not mess up anything in the transfer which is why I asked if a deed of trust was officially recorded in the County so you will want to have a paper trail, even though the property will still be collateral for the loan.

You need all of your business obligations from local vendors, contractors, and certain Team members.With regards to a location be is the southern United States around fairly large cities that are devirsably economically, has growing population, job growth, and to invest in a growing area. 

Perhaps they can patch it and resurface it for a modest investment and make it look fairly nice for a cheap price (relative to other options).

New investor here in MN and I just kind of wanted to try and get a discussion going from a number of investors regarding your view points on investing in a fairly hot market and economy.

I help take ideas, turn them into actions, and ensure those actions result in measurable benefits.

We Have a fair enough of amount of concept knowledge; however we are looking for our first place of implementation.