Hands off approach to RE investing. 4.

Any tips on how to approach communication with her through this process? 

I guess majority of my questions are around the scope of work required to get it fit for long term tenancy and underwriting approaches.

I am not sure how much he owns and I am not sure what is the best way to approach him?

Some have to do with cold-calling several famous people and he points out his approach to doing this.Hope this helps!

Since this is our first go around at house improvements and landlording, I thought this would be a good forum to pose the question to folks who've been doing this for a while.My main question is... how did/do you approach creating a timeline and budget for making certain updates while you're living inside the unit.

No. 2 paying this person may not be ideal in other ways as you could possibly get into issues with them having an assignable contract and not informing you, the seller not realizing they can't have an exclusive right to list contract with you and then you end up with the skip tracer coming back to you for more $ as the 'procuring cause' of the sale. 

I wanted it as a BRRRR but ended up letting it go as a wholesale deal when another investor approached me and offered a $6,000 assignment.

Will definitely add those points to the way I approach my future real estate investments. 

But, sure you can/could try to use this a negotation approach.