Most videos and interviews I have watched so far give you the big picture and the scope of the work involved, but not the bits and pieces of the work involved. 

I figure the prospective tenant "should" be on their best behavior during initial interactions with me (just like a job interview). 

listening to BP podcast interviews, I hear people say that the lender has the option to demand payment in full to transfer ownership, but they dont do that because they are happy to be getting paid. sounds like a scenario that could go against me if the current owner defaults on his loan, or if the title company wants me to take full control (which I was trying to avoid anyways with this whole tactic).

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Build a list of all the people that can help you, and also start interviewing MENTORS, who have made the mistakes already so that you do not repeat them! 

The KW in my area seems great from everything I have heard and from the interview. 

I would suggest listening to BP podcast but also You Tube Mark Whitten Breakfast Club interview,he breaks it down so simple. 

Assuming this discussion is sort of like a job interview, I want to impress them so I can get the best rates and work with the best lending team. 

Hello,I would like to interview a lawyer for my real estate business. 

If you're doing a reno but interviewing tenants during it because it will be ready in 60 days that would count as being " in service"Tangible property Regs were changed back in 2014.