What are the numbers on the scenarios looking like ? 

hi guys,I have saved a 20% downpayment a property but struggling to save the remaining 65K for fixing the property up.Example, the property cost 150K, I saved up 35k, but struggling to save up an additional 65K to do the rehab (my understanding the lender will not give me the rehab money right away, I have to pay my own money to start rehabbing and the lender then will reimburse me in stages the rehab portion)Correct?

Can you use conventional loans, or does the loan need to be non-recourse?

Do you have a nice amount saved up for the activities you enjoy(I assume yes given a 30+ year in Tech plus you mentioning making lots of money already in real estate).If that is the case, what are you looking to achieve now within real estate?

Two hours later, I received a text message from tenant stating that he hired someone, paid $430 already and they are coming before 6pm. 

Yes, you'll probably get some pitches - it comes with the territory - but legitimate meetups focus on providing value first, with networking happening naturally. 

As a general rule I like to buy the worst house in an area and make it one of the best.

Is there a lien recorded on the property?

Looking to buy a few 4-plexes in the next 1-2 years.

What is the best way to officially inform the tenant about the management change?