Reality is you need to have knowledge of real estate principles, real estate law and real estate finance to be a successful real estate investor.   

I can't tell you how many times I've seen this - both in working complex investigations in law enforcement and in dragging loans across the finish line to the closing table.

Thanks for all the info and for coming to the community with your question.One consideration is the tenant laws in each state since you have the opportunity and interest to invest in multiple places.

There are numerous state and federal laws related to buying and selling mortgage notes as well as originating mortgages/contract for deeds etc.You have Dodd Frank as well as numerous other consumer protection laws that you have to deal with. 

A few points, different tax laws and language barriers made it more difficult.  

All legal interpretations deserve the attention of legal counselPennsylvania's Real Estate Tax Sale Law says that you can't redeem your home after a sale. (72 P.S. § 5860.501).

I think the law has changed, but just make sure you have a good Mexican abogado to help you with your purchase!

Law requires a 3-day grace period, so I charge a late fee on the 5th and never waive it.3.

Would there be any lenders that allow for a VA loan for a duplex when both units are leased for 10 months? My loan officer is saying no, but the literature I'm seeing says up to 12 months delayed occupancy is allowed ...

Find about about the charge (Megan's law site).