I'm brand new to real estate and reading up on the general transactions of property purchasing & selling, but it seems that there are non-physical pitfalls such as liens, titles, and possibly others. 

IE are the bailiffs coming out on Sept 30th to physically remove these people?

Your offer to assist will likely be best received if you can provide more specifics, like where you are physically located, what kind of skills or training (if any) you already have, the number of hours you'd have available to work each weekend, and what compensation (if any) you're looking to receive.Good luck!

@Darnell Eason - I have never used PO Boxes/Virtual addresses for any of my LLCs but I know some states wont register an LLC without a physical address.RA costs usually $125/yr and is fully tax deductible so I dont think its a big deal.

And since both my kids now have cellphones and laptops I decided to physically connect the TV (think Netflix) to one of the routers but it did work on WiFi.

I'm wondering if, in the state of CA, we can claim depreciation on our condo since, technically, owners of a condo do not actually own any part of the physical building, just the airspace between the walls. 

I would call it a red flag if they resist giving you everything you request for your DD document list quite quickly, their speed and thoroughness in response to that shows their willingness to sell imho.When you schedule your inspection you want all your professionals there at the same time to go through a single time, contractor, inspector, and any specialists you think you might need like roofer, engineer, etc.Also don’t feel pressured to make your DD and inspection time as limited as is common in SFR, give yourself 2-3 months at least, again, from when they deliver the docs you request.Besides financial DD you want to do physical DD not just on the property via inspections but visiting the area during day and night, weekdays and weekends, to ensure you have a feel for everything that’s happening at different times all the way around the block.

So here's a rough number breakdown. purchase $1,500,000Loan Amount 1,300,000Rehab+holding+closing costs $115,000ARV 1,900,000new Loan (20 year, 6.25, 5 year)- $1,560,000Cashout portion- $260,000Cashout- FFFF (friends, family, facebook friends)= 10,000Money in deal = 45,000Rental Side of Things (by month)Current Income- 27,000/m (Proforma is 31,500 since I had to rush rent out)Expenses-  (Utilities, Taxes, 25% Vacancy/Management/CAPEX, insurance, etc)- 12,500/mDebt- 11,400/mNOI- 3100/mSomething like that at leastFor the other questions that may pop up:I self manageI doubled my portfolio in one dealI was my own GC for the projectI still have a full time job in securities tradingI worked 110 weeks for 2 months straightI am burnt outI hit a lot of roadblocks including getting sued, vandalized, robbed, and threatenedI had a lot of physical blackouts and emotional breakdownsMy outlook in general on people is definitely more negative However I am also ready to move onThis post was very much to speak on an experience and tell a story. 

Again, I’m new to all of this but it’s my understanding to qualify for and FHA loan to hack I would have to physically live in that property and wouldn’t that need to be my first home loan?

Is your equity growth based on rents or the physical property?