The biggest issue with investing in SFHs, aside from a adjustment in the market stealing your equity, is that very few SFH investors accurately estimate expenses.

A simple one page (or one line) lease addendum, or a pen and ink change initialed by all parties, adjusting the start date of the lease is all you need.

The HOA started issuing fines that escalated on every complaint, and the neighbors placed my phone number on speed dial on their phone.

Also trying to find what best books to read on the subject and adjusting my work schedule to attend any near by REIA meetings.Really interested in learning wholesaling and then gradually moving into to rehabbing and owning rental properties.

Hopefully, that's a good sign, as market participants won't have to adjust to new rules.

I know that 1 and 2 are probably the preferred and would speed up our plan as it would allow us to acquire more property, sooner than number 3.As you can see and we have learned through the forums and podcasts, that we have made just about every rookie mistake in REI.  

In most cases with this type of appraisal, investors will pay a bit extra to have a real human being look at the results the algorithm has generated and make adjustments so that the comps would be more representative of the subject property, if possible. 

Speed of response2.

I'll take some time and review all of this information and adjust my process accordingly for next time. 

Most folks will try to match their adjusted cost basis with the sale portion allocated to the FFE of the business so there is little or no depreciation recapture for the FFE.Whatever allocations for good will and FFE you end up with can be used to pay off those pesky personal bills.