I'll try to answer your questions, but pay the most attention to #3.1) The only money you need is marketing money. 

Property doesn’t need much TLC but with a little attention, rents could be raised closer to average. 

(You May want to massage this as it may be interpreted as no lawn mowing required either “Please continue to bring to my attention any required maintenance by submitting a brief description and pictures to _____@ myemailaddy.com so we can both ensure your home remains as lovely as it was the day you viewed it!

As a fellow Trojan, I’m going to highly urge you to pursue your education either in the medical field or other as you pursue a career in real estate; don’t let your degree go to waste. 

Most importantly I paid close attention to the legal and ethical issues involved.

I suspect my attention to detail and thorough planning helped.

@Clayton HowardFirst, find an investor/agent or at least investor-friendly agent and start learning how to evaluate the market and properties in the area you want to flip.Always remember you make your money on the BUY, so pay close attention to how much you pay for fixer-uppers and how much the MARKET says you can sell them for.Don't get too fancy with the rehab design starting out until you know what you're doing.  

Downfall: he’s usually all talk, possible monsoon, medical is all cash there, and again the townhouse might not go to me.4.

This includes $133,000 on Dwelling which is the calculated replacement cost, $10,000 of Contents coverage, $26,600 Fair Rental Value & Additional Living Expense, $500,000 Liability, $5,000 Medical Payments, $10,000 of Water or Sewer Backup coverage, $1,000 deductible.The property was appraised at $73,000 and it is already in great shape with roof, electricals, and plumbing having been updated in 2011 - no work needed and the property will pass the rental inspection and lead inspection easily, I believe.

I like medical buildings given the ageing population with Fortune 500 tenants.