While a high limit of $500k or $600k might seem sufficient, there are situations where these amounts can fall short.

I will always get a thorough home inspection and rely on a few trusted agents until I attain the experience to be a little more self sufficient, but I would still like to know that right questions to ask when speaking to an inspector, agent, or homeowner.

But we bought in quantity. 

This is what is on page 1 of the application:Our Criteria:We do not deny housing for race, color, religion, sex, national origin, handicap, sexual orientation, marital status, or familial status.We do deny housing to individuals: when the application is not complete or accurate where there is not sufficient income/resources to pay rent and livewhere there is poor prior tenancy: evictions, violations, damage to rental property, poorly handled move outs, amounts are still owing to landlords or utilities.Criminal activity is at our discretion depending on severity, number of convictions, and how long ago.In your specific case I would deny them for having a prior eviction, unless I could reach the landlord and determine that they complied and have paid amounts owing.  

Tenants cannot get out windows in case of a fire if Lexan is in place.Of course, if you are going to have a security storm door in the front and/or back anyway, most of those are probably sufficient for those doors.4.

I imagine it will sell to an owner occupied buyer who is looking to offset the cost of living as compared to buying a SFR, or even renting an apartment in that area, as opposed to trying to completely cover their mortgage or Cash flowing from afar.My Philosophy:My personal philosophy is to buy-and-hold properties which offer handsome monthly cash flow and are self sufficient through various market conditions, repair needs, and potential vacancies.

Further, if they are good enough to be a mentor I highly doubt that the amount that is able to be charged is enough to make a real difference in their lives or that it wouldn't be much more profitable to get paid on success fee considering you can always charge more on a variable structure and that the pool of buyers increases in quantity and quality.

I like the area because the population can be self sufficient without Atlanta.  

If your existing Note with you private lender covered purchase + rehab and you have added sufficient equity via your rehab you can pay off your investor with the bank's money...........then move the property back into your LLC.

Will your cash flow be sufficient to cover reserves and any other cash you need?