They typically involve a requirement of a specific minimum credit score, maximum income, maximum purchase price, maximum debt to income ratio, and a requirement to take homebuyer class. 

Their are lots of free content online to give you some ideas, here are some folks who has amazing content, some at a cost but LOTS for freeFor wholesaling : Jaelin White and Max MaxwellFor Owner Financing : Mitch StephensFor Subject To Investing: Grant KempFor Note Buying : Eddie Speed and Dawn RickabaughNew Construction and flipping: Brad ChandlerFor building a rental portfolio: Clayton and Natali MorrisAlso, please feel free to shoot me a message or link up with me on IG at jayjohn34, I'm a Commercial Broker but i do have 15 years experience as a Contractor and 5 years experience as a realtor.

Here are mine:Texture walls and paint with semi-gloss ( I standardize on two colors) to make it easy to clean and touch up.Use ball valves everywhere for plumbing.  

I'm looking for tips, best practices, a lease/document you use, do you typically shoot for 6-12 month leases or just month to month from the start?

We have never put money down until this last 16acres we just purchased to build 6-8 4plexes on..here cost to build for a customer would be $375-400k per 4plex, each 4500sqft, 2-3br/2bath and 2-2br/1bath.. we currently have 14 of them..and are 100% occupied, we normally have 1-2 open but typically fill very quick.

Just make sure you buy extra and store it because manufacturers discontinue colors and patters frequently to force people to replace the whole floor.

In the SF Bay Area it's expensive so lower wage earners typically commute into the city and can spend up to a few hours each way doing so.

@Igor Messano Thanks for the clarification...there is no constant here...you're in the hands of the association...typically most condo owners simply own what's between the 4-walls...failing structure has nothing to do with you, but at the same time it has everything to do with you.I think this is just a step-by-step path that you are already venturing down.

Keep in mind, with each draw you have to have the funds wired into your account which is typically about $200-$250 per draw in my experience.4) Can you describe what type of things could go wrong with GC financing?

I especially liked the colorful Waimea valley, even more than the Grand Canyon and I got a lot of gruff for saying I liked Poipu beach  the best.