My lender says that I should keep $5k on hand for other closing items...second appraisals and such.

@Dawn Young I've never done this but understand that the mobile home has to be converted from personal property to real property before a traditional lender will make a loan like this.

Traditional financing is extremely hard to use to flip properties, especially if you want have 20 rental properties in 5 years. 

-I have started putting those capx items into my purchase criteria. 

I have a lot of itemized deductions so I don't want to start all over this year with my CPA.  

We have decades of experience on our team for each of these items and have a team that has lived in Central Texas for much of their lives.  

As time goes on, I would expect to also offer a master lease agreement to the general public as well, instead of the traditional property management contract.I would like to hear feedback on this plan, especially from people who have tried it.

She will trust what she writes more than what you put down on paper.Once you have arrived do at the framework of a deal, list out a simple list of terms in about 6-8 line items then a list of documents that will be required and tasks or conditions that are to be met be each party. 

Or if you take title on a quit-claim, you're getting whatever interest that seller had, along with any clouds on that title.Most common way is to have a traditional closing that clears title and pays off any liens, issues a title policy, and gives you true marketable title - that is only encumbered by whatever you have encumbered it with (mortgage, trust deed, UCC 1, Promissory note, etc.)If you don't / can't go through traditional title (say for example, you buy at a tax foreclosure sale), I'd say it's best practice to go through the quiet title process.  

I come at if from a traditional landlord background.