Please educate me everyone.

It's a specialized area of the law and I'd hate for you to pay for him/her to educate themselves.

Its tough living in a construction zone but it can also offer you both an investment, education and place to live for the time it takes to complete the renovations.I actually started by using private money (people I knew who had money) and used them as lending partners.

With multifamily you can be either active or passive and both are much different paths or education. 

@Jim K.Normally I agree with you guys as your comments have provided me with plenty of knowledge and education.

Quote from @Kathleen Park: I recommend you educate yourself on "ordinary wear-and-tear" vs damages, depreciation, and your state laws.Do yourself a favor: buy "Every Landlord's Legal Guide" by NOLO.

Typically reno scope/rents/insurance/etc. are very market-specific, so building your analysis muscle for your chosen market is important so that you go in with the best possible chance to make an educated choice on purchasing.

Bigger Pockets is a great place for education and networking and is full of great content.I recommend that you check out the following resources:1.

Will keep educating myself. 

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!