We do open house style showings for a half hour time slot, and can get 10 different applicants all showing up at once to see a specific unit - and it's a struggle to keep track and follow up with potential applicants through the process with so many applying.  

I would also get a contract that states that you can place a mechanic lien on their house for the rehab cost plus the fee list above.I'm not a fan of doing deals where you do not have ownership rights in the property.  

This just involves being a planner and planning for the crap to hit the fan.  

I'm not a big fan of paying off student loan debts since they are low interest debts.  

@Jay HinrichsSince you yourself prefer investing in low risk/high quality homes, what is your reasoning in recommending turnkey homes in markets that are generally the opposite of the ones you're a fan of?

Have any ceiling fans?

I'm not a fan of these because: 1) I have no way to ensure they are indeed exclusive - there's a lot of shady people down here. 2) Even if they only sell those leads to you, they aren't really "exclusive" to you - like I said, lots of people are mailing them. 3) They are quite expensive.

The agent we spoke with was not a huge fan of the FHA loans and recommended putting 20-25% down which based upon current inventory in the West Town / Ukrainian Village neighborhoods would mean that we would need a down payment in the range of $140-$180k.  

Though I am not a fan of financing real estate purchases with a personal line of credit.

I am not a fan of insurance, but unless you can afford to lose 100% of the property, buy it.