To cover the part about college confusion, I am stuck on deciding if it is a good option for me.

Waterproofing is essential) they last quite a while and withstand the typical dad to day living of a tenant and their varius pets.

If you buy a single family have you considered renting out a bedroom or 2 to help cover the costs?

Since the seller may not have enough equity to cover traditional commissions, what are some alternative arrangements or strategies that can ensure fair compensation for the realtor involved?

What type of insurance do I need to have all my bases covered during and after rehab?

Insurance (homeowners and umbrella) is good to have, but a backup to this if insurance coverage was denied or the issue was not fully covered would be a limited liability vehicle.

These platforms typically have billing policies where you pay a per unit fee per month to the software and you get regular updates and support each month. 

Typically when the listing is fully renovated, the seller has to get their money back out to pay the underlying loans whether that is a hard money lender or they need to pull out cash to move on to the next deal.  

This might be a bit off topic from the typical Commercial Real Estate forums, however I could not find the exact place to ask this.Does anybody have any experience in running a Food Truck Lot? 

@Jay Hinrichs Thanks for the tip on the shoe covers.