1) Verify Experience / Check references of investor2) Verify Investor has substantial Skin in the Game3) Verify Deal is actually a deal (has enough meat on the bone / upside potential)4) Get 1st position (this specific deal 2nd position is best buyer can offer...bank will be in 1st position)5) Verify Scope of work makes sense and bids/costs are realistic 6) Check contractor(s) track record / references.7) Release cash in draw form upon completion of various rehab scope milestones.What am I missing (and what above is inaccurate)?

Does anyone know how to realistically get started as a listing REO broker for Hud/fannie mae, or a big asset manager?

As far as repairs, it really depends on what you want to do to the units or how bad they are (if they're beat up vs just improving)I'd have your agent pull up some comps for rentals to give you a realistic pricing for each apartment.

You can be a licensed agent, able to perform the same services as a REALTOR, but you probably won't have access to MLS, Realist, Supra keys, and other tools NAR provides to make agents more productive and educated.As already mentioned, licensing is administered by the states, NOT NAR.    

Our contractor did awesome work but getting invoices from him and getting realistic invoices was not so good.

The above numbers are realistic for a fund that needs to buy consistently and can't wait to take only the fat pitches.

Your Realtor can suggest contingency dates that are realistic for your local market and protect your interests while at the same time drafting an offer that will be attractive to the seller.

I think it's highly unlikely that she could realistically achieve 750 hours of work on a single rental property that's already stabilized. 

If you do not have the expertise, knowledge and experience to re create a realistic pro forma income statement, pay someone who does.  

Would certainly like to keep the appliances, but don’t want to prolong the process or alienate the seller if there isn’t a realistic shot of being able to keep them.