It's a quick way to save thousands getting the house ready. 

I usually get my buyers to use them for the first property and save the FHA for later.

Obviously I know learning how to do this stuff will save me tons of money down the line, but I'd also like to maintain a professional feel to our house, and have professionals work on anything broken.At the end of the day, is this ok?

Different banks have different processes - but this saves a bundle. 

Meaning, can/are you able to fully finance yourself with the funds from REI (able to pay your own medical bills out of pocket, savings built up enough so you don't need 401K, etc.)I just don't know what to expect and It would be amazing to get some insight on it so that I know what to prepare for.Thanks BP!

You can save money by mutually agreeing with the tenant to end the tenancy and their voluntarily moving out.

We are saving cash to have money for a 20-25%down payment as well as to have enough in reserves for anything that comes up. 

Learning all of that ahead of time will save you a bazillion headaches and potential financial strain later!

He wants his security deposit back so he can pay it to the next landlord to get a place to move, if it's low income, you gotta realize most don't have savings and he wasn't planning on moving when you bought it.     

Instead, save the cost of doing this work, rely on the 1 furnace in place, pay for the tenants' heat and try to recoup the costs through higher rents (heat included) or try to bill it back to tenants somehow (e.g.