If a property goes into foreclosure on a second, as Ken said you will either be buying it subject to the first mortgage - meaning it's your mortgage now - or the first has to be satisfied to take possession of the property - or the owner of the first is going to be there bidding what they are owed, so you would need to outbid them to get the property and then you are the person paying off the first mortgage. 

That part is as advertised.The Not-So-GoodIt’s Expensive—Like, Really Expensive.First-month rent is entirely theirs whenever a new lease is signed.15% repair management fee on top of already high maintenance and repair costs.No late fee benefit for owners—any late fees go to REI Nation employees as an “incentive” for chasing payments.

You need to look at all the financial numbers of the business/ hotel and owners won't release them until there is a contract in place.

I'll introduce you to the owner of MR Qualified Alternatives.

Tenant issues are more likely to arise and then you have the owner....many aren't qualified expertise wise or financially to weather the storm.

I'd recommend staying within 10-15% of the median priced home because that's where the most demand will be not only for renters but owner occupants as well. 

A SFH in a neighborhood with HOA or owner occupant neighborhoods your rental property can stand out in a negative way because tenants don't waste their money watering the yard. 5.  

Hard money is a type of business loan for non-owner occupying investors.

If you can't make it work with a commercial loan don't do the owner finance deal even though it is great.  11. 

My favorite way to find a mentor was to look on Zillow for houses for rent in your area and then click on the ones that are 'for rent by owner' then call them and introduce yourself as an investor in the area who is looking to meet new investors.