I think that is more of a question for your attorney and the answer will likely vary by state.

It's very personal and varies wildly. 

@Michael Ewersi can only speak for what i've done as i suspect it varies by market. 

Even though we live in earthquake country, this was a new experience for us.

Different pockets of Austin vary drastically so you really have to know the area.

not sure if you are familiar with basketball but it is alot like the spurs offense. meaning the system works if you trust the process. my uncle has everything set up. contractors, know how, experience, tenant screening. management. so i will integrate into his system and learn it to replicate it like Steve Kerr did for the WarriorsYes, I am - The Big Fundamental was a great power forward!

Real EstateHere’s a quick compare and contrast of my experience buying a laundromat vs. real estate investing.Obviously, your experience with real estate can really vary, particularly depending on the market you’re in.

These penalties can vary depending on the loan structure and the lender's terms.

It varies a lot and depends on the vintage of the property and your tenant base. 

Experiences will vary significantly based upon location.