If there is a large difference in numbers ... then you need to re-evaluate. 

Other significant update items are outside the building...paving / curb appeal.If I can position a Master Lease (with ultimate purchase price (so really Master Lease / Option),  the flexibility that provides could allow me to pay a little more; however, even without putting initial money up for the purchase I will be investing rehab / re-position monies.So my question:  is this fairly standard with a Master Lease? 

Has anyone started inserting language into their leases re: prohibition growing marijuana plants AND manufacturing dabs/wax?

This will not be my first deal, but would be first Re Po.

Without a job, you can't really get a decent loan from the bank to finance your RE projects.

Best thing to do is meet with a RE attorney who can help you determine the best way to do things

I am interested in starting a property management company and will be working with a friend who has a RE license.

I put 5% down using FHA and I am now thinking about refinancing into conventional to get rid of PMI and re-use FHA again in the near future (1-3 years).My question is, if I pay for an appraiser to come out and give me a market value on my property, can I use that number and report with a bank or will the bank want a separate appraisal done?

@Charlie MacPherson The role of the RE agent will change with time but I doubt it can be completely eliminated. 

@Wesley Mitchell welcome to bigger pockets. this is a great community to start your journey into RE Investing.