@Ricky Cover you wholesale houses that are cheap enough that your buyer can make a typical profit. 

Nuisance things: paint, wallpaper (very annoying), holes in drywall, smells (unless it is a sign of mold), cracked windows, missing or damaged screens, no GCFI, flooring, broken handles, damaged cabinets, interior doors on exterior entrances (I see this a lot), bowls under sinks to catch leaks, general run-down-unlovedness.

I added an extra $5 into the cleaning fee to cover it, but some guests bring more cars.

Catherine, thanks so much for your reply.Russell, thanks for your reply also however I wouldn't expect their E&O insurance to cover me when I'm working as a principal.

@Ed Taslak it is not so much that they have your best interest in mind - RESPA law covers that. 

Put some money in an escrow account (suggest $10K) to cover repair cost.  

Please note, in the event of a legitimate lawsuit we do have liability insurance to cover any claims.This is an attempt to design a lifestyle and not necessarily the best mathematical return.  

in theory yes. in actuality, no. reasoning: banks don't like loaning you money when you have no "skin in it" that's why you need down payments. you also need to cover closing costs. theoretically, banks may lend you money if the deal is so good that you have enough "instant equity" to cover their ***. for example, banks like loaning 80% of the value.

The VA will only fund the appraisal amount and you will have to cover the rest out of pocket.

You've got to have plenty of deals in the pipe line to offset those taxes and cover reno costs.Some folks in your situation choose to continue their path of buy and hold investing.