Every market is different, but generally I shy away from condos as rentals; you usually get little to no land, therefore your investment is in a slowly crumbling structure that you may have very little control over due to an HOA.

I'll usually state that the seller has 7 days to provide whatever information is requested.

In the event that you hire a broker it is industry standard practice for leasing commissions to be baked into the lease rate and usually amortized over the term of the lease and often times with a standard cost to capital added annually. 

Usually this is specific in the actual loan documents and that's what mine was.

Usually the tenants are so concerned with a new owner kicking them out that they go above and beyond to make their payments on time and take care of the property.

Note: that RUBS are common practice in some markets while other markets not so much. in not RUBS friendly market usually owners include/ add them to the rent. 

Inspectors usually don't test if the valve will properly close all the way.

I would like to attend some of these but travel a lot for work so it doesn't usually work out for me.Make sure you take a close look at deals as good deals are hard to come by at this time. 

Hey, thanks for the quick replies and I’ve looked at my options from private lenders like lendingone however they said that a loan that small would usually be done by a hard money lender so that’s an area that I’m researching at the moment.

Investing involves risks and rewards – and usually the higher the risk, the greater the potential for significant gains and losses of invested equity.