I'm not sure what's normal to do in that situation and want to make sure that by contacting the seller I would not be doing anything wrong or improper.Thoughts?

Normally the seller pays the agent.However ultimately it is whatever is in the contract.

row=19 If you're talking about rentals that are within a block of the beach, I'd expect pretty low CAP rates, but otherwise 5% seems pretty crazy to me for a "normal" MFR!

Does your purchase agreement with the seller include just normal closing costs?

It's worked and I don't have to put in any effort past the normal due diligence, so it's great.

I've seen "kitchens" that would normally be a closet.

Is that normal?

Driving around now, it is clear that it was the ideal time as things are back to normal.

As a supplement to my normal income and a buffer if I lose my job.I believe I can handle managing that many(may be wrong)At what point do you think self management becomes tough, if you are trying to work a normal 40 hr a week job?

Normally I fund a flip one of two ways:Purchase the property using a HML, and rehab using my own funds,OR,Purchase the property and borrow the rehab funds all in one loan from my HM lender.Obviously using my own funds on the rehab is ideal, saving me 20% on the rehab, but I find myself lately with more than one project going and can afford to use loaned money, reserving my own cash for the inevitable emergency, or in the case these days, for another opportunity.When I fund the project 100% on a HM loan, I'm usually under 65% ARV for the total loan, and at 15-20% financing.