I have documented similar savings in dealing with HVAC systems.

While you are heating and cooling more space if the system is designed properly, the building envelope sealed, and the building properly insulated then the high ceilings are not that much more expensive to heat or cool than the conventional space with 8 ft ceilings.Old heating systems are designed to fill the room with hot air.

for a newbie ..the best property is the one that you can access as many times as possible before you close. having the property under contract and "acting" as an owner, contractors will talk to you ..you can get bids, quotes, do inspections, termite letters, radon tests, mold test, etc ...imagine bringing army of inspectors when an owner still lives there ..not possible. you control purchase price ...so make sure you factor all things you need to change, add, update into ur costs ...u need to discover as much stuff as possible. once u do 10 flips ..probably short 10 minute walk will be enough to get u rough idea ..but by that time ...inspect, inspect, inspect

Most MLS systems have a method by which brokers can enter comments or opinions about what a client thought about a property when they visited it.

It's all about controlling the cost.Good Luck!

Since each lender controls it’s own money you will have to call around to ALL the banks to learn about all the programs.

If you look at the one base fee charged by escrow, it is most of the time equal ... although I highly doubt a bank selling one of their reo's that requires you use their escrow is truly paying as much of that base fee as the purchase agreement suggests.I would be a little careful using one title company's definition of a 50/50 escrow fee as a basis for concluding that writing 50/50 on the standard CAR form is going to be interpreted the same by all escrow companies.It's kind of a moot point because however it is interpreted, both buyer and seller, after review, approve and sign escrow instructions and that then becomes the controlling authority for the balance of the transaction.This is hardly something that keeps me up at night.

Remember you don't have to own a property to control it.Good LuckPaul

If you're just starting out and are short on funds, try wholesaling for a while until you have enough cash to invest in buy and hold.Once you start buy and hold, continue wholesaling as well for cash to buy more buy and hold.Once you get to, lets say 10 buy and hold properties, and have been wholesaling as well, maybe it's time to do a 1031 TDE into larger multifamily (think 50 doors or more) where you can control the value of the property better.

Picking up the phone and calling the automated system.