Do your due diligents (flood zone, insurance cost, rehab cost, ARV, existing leans, updated taxes, ect.)Pay for title insurance!

Do I take commercial policy or will it be home rented to othersAny inputs are appreciated and any preferred insurance providers

My apologies if I've overlooked them.1) INDEPENDENT CONTRACTOR AGREEMENT2) FINAL SCOPE OF WORK3) PAYMENT SCHEDULE4) INSURANCE INDEMNIFICATION AGREEMENT5) FINAL & UNCONDITIONAL LIEN WAIVERI've found multiple samples across the web, but wanted to see if anyone has copies of these they swear by.I'm in Texas, so these docs have to conform to state statutes in regard to arbitration, etc.

For example, should I focus on looking for attorneys, mortgage brokers/lenders, accountants, and insurance agents within the market I am looking to invest, or would it be more wise to keep them closer to my home?

Put together some bullet points of the important stuff (which you should have in the listing - 3x rent, credit/background check, pet policy if allowing them, move in date/date available, length of lease etc...), print out a few copies so that you can check off that you talked about each bullet point with each prospect, put their name on the checklist and take notes on what their answers are.  

Contingency planning (stress testing and mental rehearsal).When I bought my personal residence in the 1980s, for example, my budget was tight and I forsook earthquake insurance (most Californians don't have it).

Here’s what I’d likely do Send him a letter Explain to him everyone else pays far more in rent and your expenses( taxes insurance water garbage repairs etc .

To better insure a smooth mortgage loan process for the buyer, I'll pick up the $2.00, so we can round up to $754,500 even."   

That all depends on if the rent will fully cover mortgage, tax, insurance, 5% of rental income for repairs, another 5% for CAPEX, another 5% for vacancies, and another 10% for PM services (even if you self-manage).

Check your title insurance and see if their is any mention there.5 Check the county for liens against the property that have been satisfied.6.