However I wouldn't recommend this or wish ownership of these liabilities on my worst enemies. 

This is a two-way interview, so have a short list of questions to ask the mentor (What books do you recommend I read to gain a better understanding?

The strategy that I recommend is going to differ from the responses that I see at the time I'm writing my response.1.

Sounds like you'll have to ride this out.Next time I recommend "cash for keys."

You should talk with lenders to get an idea of what you can actually afford though it doesn't really matter if you talk with an agent first since most agents will have lender recommendations.

Do you have any recommendations for the best types of events or meetups for connecting specifically with private lenders?

I wouldn't pay them anything upfront...I recommend you always pay for labor AFTER the work is done.

Any books, blog, etc where you would recommend starting to learn about these business structure etc, that are not written with the only purpose to sell you something ?

Hold it for few years and then sell it or built a second/vacation home. which area would you recommend and why?

Determine the strengths of your property manager, if they are experienced in working with section 8 department and tenants with vouchers then I recommend choosing section 8 tenants otherwise look for cash paying tenants.