The old saying "don't put all your eggs in one basket" certainly applies here.I buy all of my properties in an LLC, so I automatically can't do Fannie/Freddie financing.  

It's not automatic, you have to ask for it.

I've always thought that at the end of a 1 year residential lease, that it automatically becomes a month to month lease with the same terms, such as in late fees.

You can also use the free version of Podio and create a form that will automatically upload the data to the CRM.

When a tenant is past due on paying their utilities, their bills add up, and so they automatically think that a $500 bill is for one month instead of being an accumulation of outstanding bills they owe the utility companies. 

Here are some steps to get started.Step 1) Develop your Business Model (Who is your ideal seller, buyer, neighborhoods, etc)Step 2) Build a Team (Leverage their experience, Realtor, Attorney, Contractors, Surveyor, Home Inspector, Environmental Contractor, Architect, Structural Engineer, Stage, Photographer, Title Company, etc)Step 3) Understand your market like the back of your hand (Have a Realtor set you up on HOT SHEETS so you get automatic listings sent to your inbox and you can start getting a pulse on the market)Step 3) Find a Deal (Package the deal and show supporting evidence that it's a good deal, get an appraisal if you have to) Include the following: Company Bio w/ your team members on it, Property Details, Property Tax Card, Scope of Work, Pictures/Video, Comparables, Financial Analysis, Due Diligence Items, and Contact Information.Step 4) Find Private Lender Prospects- Sphere of influence, networking events, ask for referrals, ask CPA, ask attorney, etc.

Umbrellas will not automatically cover every property, but they will cover any property listed. 

Does that mean if I purchase it for 125,000, will I automatically have 25,000 in equity?  

Not sure what you want to spend, but I just saw a 20 year old F-150 2 wheel drive straight 6 automatic in nice condition 120,000 miles with brand new tires go for $800.

I liked that it made me think or even just laugh a bit.If you receive a vote do you automatically pay it back by voting for the person that gave you a vote?