Your lender will need to see the executed lease as well as proof of the historical expenses, as well as, a well considered extrapolation of expected future expenses.I'm a commercial lender in Andover / Blaine; happy to help.Take care,Mike

I've found this to properly reset my expectations in the past.  

Is this a reputable company and we should expect them to honor the warranty if anything needs to be done in the future ?

If the net present value of an investment makes since to you but the cap rate is different than what you would expect, don't immediately push it aside.

So I feel it's definitely a limiting factor to a sale.I feel like I'd be narrowing down my possibilities of a successful transaction telling the seller I'll cover it and expect a unrepresented buyer working on their credit to bring a huge EMD, Purchase Option, and/or pay elevated rent. 

The first tip would be to expect to go about 6 months without getting paid!

The reason to put them in writing and to follow to a "T" is it will protect you from a professional victim.  

Keep your end of the bargain and always let them know clearly that you expect them to do the same. 

I feel the answers to these questions will provide solid ground for any newbie who is thinking "what should my next steps be".1) How much should a new flipper expect to come out of pocket for when doing first couple of flips?

First quotes were at 4.00 USD.The final net cost after all the incentives is 1.7 USD / watt and based on the first 9 months I expect a yearly yield of ~8%.Still an ok investment and at least I am now a bit greener than before !