This ultimately is one of the differences between developing a relationship with a bank, vs developing a relationship with a mortgage broker.

The price someone will pay ultimately matters.You're going to get a lot of opinions with this question and all that really matters is what you and your brother-in-law want to achieve.

Ultimately we would look to get a mortgage on the property once renovation is complete to pull out the equity.

I think this depends on what your ultimate goals are.

Ultimately, you are in charge of your funds, so you will want to make sure you get good at understanding your numbers, cash flow, etc. #5 Build your team.

But ultimately these home warranty policies make money for those selling the policies because it's a kind of insurance hedge and most people won't get their money's worth from buying a warranty.

However, the owner is ultimately responsible for the deposit, so if the PM steals it, the owner would still be liable to return it to the tenant.

If you haven't yet, be sure to check out the The Ultimate Beginner's Guide to Real Estate Investing and The BiggerPockets Podcast.

But that cost and term would ultimately decided between you and the private lender. 

Ultimately, when you hire a property manager their job is to protect your investment and truthfully forward you the bill + their markup (if applied).