In the SF Bay Area it's expensive so lower wage earners typically commute into the city and can spend up to a few hours each way doing so.

@Igor Messano Thanks for the clarification...there is no constant here...you're in the hands of the association...typically most condo owners simply own what's between the 4-walls...failing structure has nothing to do with you, but at the same time it has everything to do with you.I think this is just a step-by-step path that you are already venturing down.

Keep in mind, with each draw you have to have the funds wired into your account which is typically about $200-$250 per draw in my experience.4) Can you describe what type of things could go wrong with GC financing?

This is not a typical thing to do, renting a place year-round only to visit it 30 days a year or so, but I will have to crunch the numbers a little more.

Also, what do you typically pay for a duplex appraisal?

There's commercial construction wherever you go and typically my cheap properties cost nearly $200k to get into. 

You want a larger office, with LOTS of agents and sales--more likely to have a good, well-managed training system in place.Next, find out what parts of your town have the highest turnover--look for the volume first, the higher priced properties will come along after you get some listings and sales under your belt.Find your comfort zone, area and price and typical kind of folks that live there. 

We do have some local BP meetups in the Cherry Hill area - typically once a month.

Still analyzing for my first deal and I typically use rentometer and follow it up with craigslist adds.

If everything checks out, I typically do a 50% / 50% split but you can do whatever the two of you agree to.