Colorado is a caveat emptor state/ buyer beware that means buyer must do their due diligence prior to purchasing.

@Michelle Hardy Just adding, check your local city too for their requirements, many have specific requirements that the state may not have.Here in VT in the towns my properties are in, there is not a requirement to keep them separate or pay interest. 

I think because I've been learning about it so much and talking to so many people, I'm in a state of analysis paralysis and I just need to pick a good deal and go with it with the team that I form.

Normally you are responsible for the portion of the year you own the house, and the previous owner is responsible for the time they owned it.

Hi Evan from Sayville, NY-You asked about whether a lender would pay real estate commissions and closing costs with a short sale.I negotiated a lot of short sales after the Great Financial Crisis.Short sales are similar to dealing with a bank owned property accept the bank is trying to avoid taking it back so the terms, specifically an acceptable purchase price, have to be negotiated.The thing I found that was important to negotiate was the lender agreeing to settle without further recourse for the seller.

@Samuel Coronado I’ve worked with a few lending options that have no seasoning requirements and allow you to borrow based on the appraisal or after repair value irrespective of how long you’ve owned the property for.

Even within a state, the experience can vary dramatically. 

Ive owned property before so its not super scary to me, but I am far from experienced enough to see the intangibles that may cause problems down the line.

I set up four LLCs on my own.

@Ken Latchers  what did booking.com do to prove you owned the home and how are they processing credit card payments for you?