I made the mistake of responding to DM's, now I just ignore & delete.

Education standards must be raised so that students actually use their heads for something besides hat racks (allowing them to actually earn a living) and have ready access to birth control (all types of) so that some mistake doesn’t derail one’s entire life.Slow down immigration, too.

I made this mistake when I took over my first multifamily in 2018.

I have been interview these folks and almost down to the right folks.What I am seeking from the community is experience from those that have done this and have been successful but also those that have pitfalls to learn from those to either not make the same mistake, or do what works. 

In your second scenario you would eliminate all capital gain and depreciation recapture with the step up in basis.there is no statutory holding period that qualifies you to convert the properties. 

Believing there is less risk because you are investing a small amount of money (in this case using only a 5% down payment) is the second biggest mistake you are making behind purchasing this asset property in the first place. 

Probably the most common mistakes made in the development business by non builder property owners.

However, what are some common mistakes beginner real estate investors/Rehab flippers make?

When buying the house, we made the mistake of getting an inspector recommended by our realtor who seemed credible and detail-oriented but I think just wanted to get us into the house.

I would follow-up with a letter as others have stated, but if no action was taken I would trim off any branches that over hang my property eliminating my own liability in the situation.