I would never buy a house from the vintage with these clay lines around here without doing a sewer scope during my inspection period.

I think this is a great post for inspiring newbies to take action and show them that it can be done if you educate yourself beforehand and hustle to find a good deal.

My educated guess is that they are done by local house wholesalers hoping to make a profit, but are they something else?

Its not professionalism for women. its professionalism period.

A lot of this is speculative of course but make educated guesses and if after all that you still have significant cash flow then start looking at you options for refinancing and see if there are good rates available, and terms available (it is possible your current loan is better than anything you can get now that you have it as a rental and since rates have trended upward)  In the end this is a numbers game. 

Thank you all for the education you have provided me.

I wouldn't invest with anyone who's not willing to do make this info available.You probably also want to get educated in how syndication works.

This is common practice as they get you in their doors with a free seminar, then you are pitched some education program for several hundred to several thousand, then the upsell to the “insiders club” for tens of thousands.

I do have a grace period in the lease of 4 days so if she doesn't pay her portion ($300) of the rent by then, I'll add the late fee but could I also hit her with the Pay or Quit notice?  

We don’t want to have to kick a tenant out of one of the existing units and move into it (losing income from that unit) just for the short period of time while the renovation is being done.