The first 50 grand gets eaten up pretty quick when materials are ordered .

Big limestone 40' tall building for a grand.

Not to mention gas appliances tend to cost a little more than electric ones; although somewhat trivial in the grand scheme of things and I don't think most tenants notice nor do I believe it will make or break most interested in renting.Another annoyance with gas / gas lines -- gas leaks.

Your local HVAC contractors can install it for under a grand, you would just have to cover the gas bill. 

If he still owes say 100 grand on the note for all 5 than how can I protect myself from him collecting the money and not paying the note?

Last year we had excess points and blew 25,000 or so on a night in the Tokyo Grand Hyatt, which was a hoot. 

I vote for "Poobah""Grand Poobah" if you're feeling expansive ;)

This is a flip, the goal is to get in and get out as quickly as possible. 5k matters but in the grand scheme of things you can move on to the next one.Next issure- FHA appraisal is good for 120 days.

Wholesaling can give you a great source of income but you also don't have to make grand slam deals every time (ie. 10k or higher).

I'll have my property double checked prior to selling then, figure if I fix it before trying to sell it, there shouldn't be any crazy 'hey this faucet is leaking, and I want 2 grand to fix it' costs.