i.e. buying and selling notes.Of course the mortgage is attached to the property. 

Of course there are contingencies in place incase something goes wrong.

Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

I have spent the last few years reading many books on real estate, taking real estate courses, researching, saving as much as I could, investing (to increase my purchase power) and finally feel I can begin my real estate journey this year. 

Check with an architect first to be sure you can fit your vision into the existing lot, as it's zoned currently.

For example, you could showcase the family-friendly amenities, outdoor spaces, and stylish interiors all at once, similar to the one shared here (this is a listing photo, so I would recommend you change the text to fit your guests).

Of course our big motivation is commission but you can get commission or a referral fee or something in an off market transaction if done properly.

OF course, you may have all this stuff figured out, but the original post was vague.

Similar areas that have legal under utilized permitted space convert to max studios that you can fit.  

This of course will affect productivity and delivery schedules.