As I understand in Colorado the Landlord is ultimately responsible to cover costs of pest control.

You can save Realtor fees (maybe) but you need a good RE attorney to make sure you're covered legally...http://besthouseswap.com/https://propertyswap.net/

2) add $2/mo to the rent to cover a $24 charge if you need the money.

I want to make sure I am not missing anything major and that I have all my bases covered.

What you need to do is specialize is several specific areas, and odds are those types of areas exist where you live today.This is why, in my view, every investor should begin where they are and learn using an area you already know fairly well.

Another post suggest, taking out equity to the limit where you have to pay taxes and to the level where rent payment is covering the equity taken out make sense.

There isn't enough equity there to cover a full rehab.  

The builder is offering $4700/month, which covers a $800/month property cost.

I've seen flippers pre market, buyers come in and goof up the program.

I can pay carry cost for a few months... 3) I considered renting and Pulling 100% of my cash out and paying off the HELOC... the rental income would not cover the mortgage payment.