As for NY which is from what I see a very complicated state compared to Trustee sale states the thing to do and the ONLY thing to do..

@Isla Arshad Evictions are not complicated in North Carolina.

The Title Holding Trust or Land Trust will keep your name of the public record, but it can also complicate the property ownership and management. 

They are not complicated ordeals.

@Chris StrausbaughWhat state as in many states a lost note can still take action - especially non judicial states

This stuff doesn't have to be complicated.

This will allow you separate business income and expenses from personal income and expenses.Since you plan to house hack your bookkeeping and tax return preparation will be more complicated because a percentage of your home expenses will be personal deductions and some will be business deductions.

And I totally get what you’re saying about finance people—they can make things feel so complicated!

It's only as complicated as you want to make it. 

You get to live in a property you own for free or almost free, while learning the ropes of being a landlord and you get very very favorable financing, where you don’t have to worry about finding private lenders or getting into any complicated or exotic investment strategies on your first deal.