I wanted to make sure I’m fully prepared before doing anything

The process is slow so be prepared for that but the payoff should be the tenant sticks around a little longer.

i dont consider not being able to find an attorney a red flag, is just that they're not insured to do these kind of transactions i found out. i'm sure that other investors are doing subject to deals in north carolina and they're probably using an attorney, or this can also be done by you without an attorney, just need an attorney to prepare the deed. as far as the seller is concern, they have three choices when facing foreclosure, they can catch up their payments on their own, get help from an investor to make up the back payments and take over the loan and make the monthly payments until they're able to cash out and pay off the loan, and third,just go through the foreclosure and completely ruin their credit and i mean very bad credit. 

Hi All,I'm a real estate newbie (for now), but thinking of interviewing  various property managers in investment markets of interest to start building the teams in preparation for that first deal..I'm sure there is a list of property management interview questions posted somewhere on here, so my question is about your interview experiences.What are some things that came up in interviews that my not be typically discussed in a regular interview script.What interview answers were red flags that you wish you had caught or noticed before signing an PM agreement?

Consider those other 3 benefits that Rick listed above and also consider: 1) Paying less than you would renting2) Hands on investing education3) Preparation for your second property, and your third property etc. 

As you're preparing to search for a rental property, my advice would be to lock in your financials so when a great deal comes your way you're ready to strike! 

I am preparing the lease using BP California Lease.

Any favorite house hacking books or books you feel prepared you for house hacking?

(Note there are instances where the above generalization doesn’t hold and an attorney is best to explain this to you)There are costs to create each LLC (even if it’s a series) and you will need to prepare and file taxes for each LLC.

I would strongly recommend having a real estate-focused accountant look at your situation and prepare your taxes for you, as you are now treading into complicated waters where you can get yourself into trouble if your not careful!