The risk of losing the flip andyour family’s permanent residence is real.

Even if they are successful, I may not renew their lease.If you don't know how to manage your property well, you will lose thousands, tens of thousands, or even hundreds of thousands over the life of an investment.

Do one or two then worry about setting up" your team.I HOPE you understand what I am saying. 

beautiful house. hope it gets financed.

I truly dreaded the standard retirement plan when I was in my 20’s  “save as much as you can and hope you die before you run out”seemed REALLY depressing/scary.

if the deal still pencils with multiple strategies & you're planning to hold it long term, 20k over (in a higher cost market especially) will probably be chump change down the line. in general, it's good to not miss out on a deal just because you want a homerun deal. taking base hits get us further than waiting around for home runs. just keep in mind that if you have to come to the table with an extra 20k down (which you probably will bc the bank will only lend on the appraised value or PP whichever is lower), and you have to sell for some reason soon, you're probably losing that 20k. a risk you may be down to take if you really know your numbers, have multiple backup plans, and are in it for the long haul!

Hopefully, the footings won't need to be addressed!

I'm in the process of getting everything caught up for this year with hopes to hand it off in January.  2) My wife equally sucks at bookkeeping. 

It is now being predicted, that within 5 years, NAR could lose almost 65% of their members due to this ruling.Here is a link to that podcast

Doesn't have to be the cheapest and hopefully isn't.