House hacking lowers risk while a live-in flip can be a money pit with endless surprises.

Consulting a CPA is a must to navigate these nuances.Double-check these details with your lender and CPA to avoid surprises and keep scaling smoothly.

You will be surprised. 

Those notices are recorded (surprisingly) at the county recorders/clerks office, so, search there by whatever details you have if your state offers non judicial foreclosure which it does.If there is no related documents (NOD or NOS or NOTs or appointing a sub trustee listed within the available documents list for the database) then go to the final place where the notice is filed.3).

Do not be surprised if you lose your entire investment and maybe more, if you have a recourse loan.On the other hand, real estate is a forgiving asset class.  

Don't be surprised if the insurance company has the family provide the security deposit.

I'm frequently surprised at how some people live. 

I'd actually be surprised if you can get a bank to finance an STR - most of them IME stay away from those, particularly if you're a newbie. 

In terms of, acquisition costs, holding costs, renovation costs, and selling costs.I want to be able to minimize risk and not be surprised when some other cost comes by.Right now, this is what i've got:Acquisition costs:1. 

It's supposed to ensure there are no surprises after closing.