My previous secretary manages our "production" lines, aggregate production, motor shop, and supply chain, then she graduated to 3 projects (20-30 people per project) doing it only by phone and bi-weekly reports and one foreman meeting each week, but those are more easy, just doing roads and small structures like drains and ditches.

I assume these systems were mostly updates of old octopus systems (fully gravity fed).Local HVAC guys suggest leaving as-is unless someone wants to put AC in - but if we can avoid limiting the (future) borrowers to non-conforming products, that would be good!

You can make your own excel sheet or use the calculator here in BiggerPockets that is all inclusive and gives excellent info in your results.

You can request the HUD property report from your agent I just closed on a HUD home and the report is quite detailed over 33 pages with excellent pictures ,.

I was going to chime in on this thread but @Bill Gulley gave an excellent breakdown.

I think it is an excellent idea to give gifts from time to time.

The department I work for will strip the home of roofing and certain other fixtures and arrange a dumpster to be hauled off as a way to decrease unnecessary smoke products. 

If you have a good product for rehabs, I would look at areas with higher comps.

So depending on your situation, you might have to qualify as if you are fully paying for both properties.All of this is assuming you are looking to use conventional residential mortgage products.

The product I used with them is called a delayed finance or delayed refi.