Sorry for the late reply; I'm not on BP too often. 

As a custom builder for decades, I dealt with this way more than once, especially with new subs that had not worked for me before.Back in the old days we used to just go with a verbal ok, but in the last 20 years or so, it is imperative to have a written CO (even an email sent from the jobsite) from the Sub and then I would add 20-25% and submit a CO of my own to the customer.

Utilizing the years of experience from the people on the forums will allow me to talk intelligently with a realtor, the property manager, the seller, and so forth.  

Quote from @David Cherkowsky: @Basit Siddiqi@Andrew Strauss@Katie RippI received the following response:"The more active income you earn, the less you can deduct from your rental property due to the phaseout of the Passive Activity Loss deduction.

The Earnest Money Deposit (EMD) is refundable during the Due Diligence (inspection) period, and goes hard at the expiration of the DD period.

The earlier you start in your RE journey, the better off you will be in the future.

You came to the right place, Brad! 

I already owned a home not on the water.

The path that aligns with my investing goals is small multifamily.I would love to learn as much as I can from the community.I am excited for what's to come!

If you are doing the work and labor it reduces some of the risk but to me we won’t let at that high a ltv