I'd also mentioned that I will need access to the property next week for my investors to do a walk thru. 

As you mentioned, up front fees look very high compared to the options I currently have, but it will be great to compare.

The seller agent did not know about that or did not mention in the beginning.

They keep mentioning this (or something like this, I'm not sure of the title) on The People's Court. 

If they didn't I wouldn't even mention it..They should contact their Car Insurance or Home Rental Insurance if they want car repair, you should not be responsible..

As mentioned by others, the VA loan is a powerful financing tool to get started.

Some commercial policies may not even offer some of the extras I just mentioned.

When I mentioned it to my CPA he went more of the route of capitalizing/depreciation so I'll explore both options with him.I am considering selling the property once this rehab is complete, so depreciating may be useless if a portion of it is going to be recaptured immediately anyways.

As mentioned above, QuickBooks online is the go-to software for expense tracking.

Am generally not a fan of inheriting tenants and if I do, I prefer that my lease be implemented, but clearl y that is not always realistic.Thank you though for this suggestion and I am going to try to see if working it from your suggested angle will work here in Colorado.In the end, I want to set up a lease that does not have holes, that an attorney, God forbid we ever have to evict (though these tenants do not seem like the type to cause any issues and I generally am a good landlord and stay away as long as you are following policy, so thus having a detailed lease that covers most all and then just backing off.My inspections are generally once a year, outside of the move-in, move out.I also stay very engaged in the running of my property, thus self-managing as in the end, I strive to provide a place I would enjoy living and I actually live on one of my properties.Long story short, don’t care for the very vague lease that the current property management company has running.Additionally I have little confidence in the way they were managing the property.The property has so much potential but has clear signs of neglect and I intend to change that as I never simply abandon my properties.On the question of current lease, I have combed through it repeatedly and do not see any mention of what happens at lease expiration only what happens when tenants are seeking to terminate their lease, “30-day written notice required”.No stipulation on what is required of landlord at end of lease and/or automatic renewal, both items that I cover in my lease and another reason, why am not a big fan of the existing lease.Leaves out a lot.I prefer having systems in place where there is little chance of misunderstanding, so thus the nerves on this one, but I will get through, thanks to you all for all your great advice!