Lastly, FHA & FANNIE MAE do expect you to live in the property for at least one year, but the reasons for getting out of that commitment are mostly vague.

I think the bottom line is there is a lot more commitment that goes into property management than most people think, but if you have the time and energy to commit, go for it.

I also don't know how much of a hassle or cost commitment that process would be either so any input at all would be valuable to me.

Despite not currently owning any properties, my eagerness to delve into the realm of real estate investment is matched only by my commitment to forming strategic partnerships with seasoned professionals like you.

If you don't have the commitment to follow the map step by step (i.e. being a 'doer'), then Good Luck creating your own wheel. 

The pressure of committing significant capital and potentially facing financial repercussions if things didn't go as planned.

Keep in mind that real estate investment is a long-term commitment that demands patience, dedication, and continuous education.

This is the general rule; there are exceptions and that's why it's good to get legal advice before committing capital.As an aside, it makes sense that property owners that don't pay their taxes might also not pay their mortgage, HOA, water bill, etc., which is why you see these parallel foreclosures.  

The MO deal would have been hard pressed by the borrower to claim usury since she was a broker herself, she committed fraud by using a phony end buyer (her maiden name) and a phony escrow company.

It really all starts with a conscious decision, a commitment, and that leads all following actions.