If you are looking into or are new at Real Estate (much like anything) and short on funds then gain all the free knowledge you can, focus on what you want to do or be a part of, be honest with yourself and gauge your strengths and acknowledge your weaknesses and then put yourself out there. 

I've spent hours on the phone with every department at WF Bank and they acknowledge the loan exists but won't tell me if they plan any action to collect it after the property sells or what the balance is.  

And also, "in all your ways acknowledge God, and He will direct your paths.."

I found the blog of this person who advocates a 3 tier system, where individuals would own a property holding company, which would own an operating company that carries out the property management, as well as separate companies that own each individual property.http://www.businessgrowthstrategies.ca/448/kelowna...Now I think this is overkill for just one property, and the writer does acknowledge it's best for people who plan to own multiple rental properties.

The mortgages will be backed by Fannie Mae, an acknowledgment that Americans today increasingly are earning money through the "gig economy, " such as renting out rooms or ride-sharing.Initially, three lenders, Quicken Loans, Citizens Bank and Better Mortgage, will participate in the program.

When they themselves sign that photo sheet, they acknowledge the condition of the property as of their move in day.This illuminates the "Testing Phase" of new tenants moving in and requesting repairs.The bottom line is that a rental home should always be in move in condition prior to showing it.  

Evaluate and acknowledge what you are doing.It absolutely does not matter in what order right? 

You just need to acknowledge I speak truth logic and common sense!

If by showing your appreciation you mean acknowledging and reinforcing I agree.

@Nick Hedberg Nick a dispersal extension is a paper acknowledging it is ok with you if the title company waits until the docs arrive to disperse funds.