We would want to use it for personal use probably one per year. 

Awesome to see a new investor-minded person here.. do you have a favorite real estate success story already?

A contract is only as good as the person enforcing it.

Personal loan for renovations How did you add value to the deal?

I'm still in the learning phase and have read about a hundred different books on FI and personal finance.Looking for any resources that might help me on my way.

I have a situation where a person I know is moving out of the country and would be looking to put their home for sale in the summer.

So, things change a bit.If it is his personal home, there are more restrictions.For an investment property, if you take over his financing, read through the deed of trust (mortgage) and see how they handle transfer of ownership.

Do you think it's common for a tenant to sue for an amount greater than insurance can cover, then take your property or even your personal assets? 

For mobile homes, it often depends on whether the property is considered real estate (attached to land) or personal property (if it’s not).

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.