No foreclosure or court action required.3.You might also consider depending on where it is, no electrical or lighted signs if that might be a consideration to you. 

However, I'm now reading Dave Meyer's book Start With Strategy to learn more about whether long-term residential rentals is even the best approach or if I should be looking into other strategies, in light of my overall goal.After Start With Strategy I plan to read Set For Life by Scott Trench, but what other recommendations do you guys have at the strategic level?

The easiest way is to do a BRRRR on light-value add properties.

Buy a house that needs cosmetic work, kitchen, bath, flooring, paint, lights etc and fix it up yourself while living in it for a year.

I gutted it and added new drywall, new light fixtures, new bathrooms, new paint, new kitchen, new furniture and new flooring and new windows.

Though we haven’t closed our first deal yet, we’re ready to jump and pull the rip cord as soon as our coach gives the green light!

I’m considering purchasing five units in an eight-unit light industrial property structured as a condominium.

I dont believe there is any kind of HOA or ruling organization for these group of houses but it has me concerned that if one day they all decide they want to repave the driveway or add lighting or something along those lines, they would try and make everyone chip in and pay their fair share. 

I couldn't find any threads on BP that mention him in a negative light, is he another charlatan?

Hold on and get ready for light speed payments!