Mine was prime plus one percent for a regular loan and amortizated over a longer period for a homePurchase.

Demand is outstripping supply significantly, so few (good) properties are to be had at a discount.

b) What @Bill Brandt said, except more specifically, the difference between the return vent and supply vents should be approx. 15 degrees.

Still close to downtown and more supply of multi units. 

Or see if you can work in the office Saturdays and Sundays leasing.Go hustle...build cash....work a regular day job and do all this after your main job and weekends.   

If it appraises high you will need less cash.A quick and dirty appraisal technique is to have your buyer agent do an "appraisal CMA" which starts like a regular CMA but only takes into account properties sold in the past 6 months (which is how appraisers do it). 

What does regular reporting look like?

It’s all regular income at your regular tax bracket unless you held it a year.

Yes, they are taxed as ordinary income (doesn’t matter if this is your regular business or not) plus SS/med tax of 15.3%.

I sent the letter certified mail to last known address (our rental), plus regular mail.