The repairs and upgrades would ensure an upper level rent for the area ($1300-1500). 

Bob, I would ensure you take your favorite realtor with you wherever you go, so it can be classed as a business trip!!

It may have some risks associated with the flips, so you need to ensure you're doing it in the area with a significant demand. 

That will save you some time and should provide you with the structural scope to ensure you are getting an "apples to apples" bid from restoration contractors.  

.$0 down = 2.15% funding fee....5% = 1.5%...10% = 1.25%.Additionally, you must be rated at 30% disability or more to waive the funding fee.Bottom line, ensure you always do your own due diligence.

I also recommend home warranty’s to owners, but I tell them to find a good company & ensure it covers electrical, plumbing, appliances, etc.

Does this mean that if I were to hypothetically be in a negotiation with a seller and they want to have a balloon payment after 5 years on a 30 year amortization that I would need to ensure that the legal title is transferred to me at the down payment and not until after the final payment?

Secondly, you need to have enough liquidity to ensure that if you have a slow month on AirBnB, you’re still able to cover the rent.

Recommend ensuring you have enough reserves to weather a dip.

FHA-approved home appraisers will determine the value of the property, but they also must ensure that it meets HUD requirements for health and safety.