Some lenders have a standard process and they would rather stick to it.

the standard is roughly 70% of arv - repairs.

You need to see it with your own eyes and hire your own inspector and contractor if you need bids.Just get 5 bids on any project and you soon understand that there is no standard to how much things cost...

Its a standard birddog contract that you would have someone sign so that they can't go around you on a deal.There is quite a bit of debate about this whole topic, but my personal understanding is that birddogging actually violates most state's real estate licensing laws.

I am certainly motivated to learn and work hard to get out of the standard 9-5.

Would you hold any other typical tenant to the same standard as your sister?

By standard experienced investor guidlines, you wouldn't go for this.

It is so much easier to do deals out here because it is very rare for a lawyer to be involved, everything is handled by the title company and contracts are pretty standardized.

It is a well defined and very standardized term in its sector.As you have mentioned that you are marketing I suggest that you look for a book at the library or bookstore that provides more information.

Throw away the old storm windows and seperate screens that you have to swap out each season for these relatively inexpensive combo units that install on the outside of the window frame in about 5 minutes each (once you have measured for proper size, and had them either custom made or are able to fit standard sizes where possible).