Also, if you are doing tear downs and or large additions n higher end markets, you can’t use the same template each time for everything, but you can for some items (paint colors for instance).It is efficient to have name, description, item numbers, etc on a spreadsheet of items you typically buy which makes ordering materials quick and easy.

For instance, does looking for properties online for an hour fall under acquiring RE?

For instance, you could face major legal issues if you accidentally (ignorance is poor defense, especially in the Peoples Republic of Illinois) charge a tenant more than what you were charged plus the state allowed fee.  

Sorry to be so blunt, but it's the truth, and there are instances in my past I wish someone had told me the truth like that.

If you can find a private lender who has a self directed IRA ,for instance, they may be very excited to have a long term loan.

On some of the podcasts, Brandon has suggested it may in some instances be a hindrance.

There are many instances where it may make sense and after 2018 reform, we have more reasons to second guess whether it makes sense. 

In my instances if I want the property (almost never) I bid full payoff.

So if you for instance decided to go for residential multifamily (2 to 4 units) then stick to it.

Also it limits the products that small local community banks were "famous" for being able to make.