I wouldn't take on a residential remodel for a customer anymore - it takes too much time to get all the details perfect and I usually have a couple residential remodels of my own going at any one time. 

With private schooling comes extra associated costs.

The Tenant/Buyer puts down a deposit (which is usually your fee) and signs a lease and option agreement (separately) with the seller.

Some information I can give you though that maybe be helpful is that lenders will finance usually between 75% - 100% of the purchase price and 80% - 100% of the rehab costs up to 65% ARV (after repair value) some may go as high as 75% rates can be 7% - 15% with 3 - 6 points.

If possible, I will also be renting out the extra bedroom (if there is one) in the unit I will be occupying.My questions: To learn the ways of land lording, does anyone suggest doing a du-, tri-, or quad-plex over the other?

Usually a re-inspection costs a little less, maybe $250, as its not as labor intensive, it's mostly paperwork at that point.

Website gurus don’t usually know these rules and the advice offered by some is just plain bad.

You've got to be either dragging a lot of extra info the main ledger to support sub ledger functions or you're missing details you could use for reporting because youre main ledger can't support all that information.

Any thoughts on how this process usually works.

Adam we usually only sell to buyers using cash or hard money.