Having owned many residential and commercial properties I can tell you that having a rental property is like raising kids. 

I have bought notes based on bank saving time legal fees and property damage during the foreclosure process, if you were buying residential paper I would look at the foreclosure timing first if it is like Wisconsin you can get the banks attention if it a very fast moving process like I am told florida is note purchass can be difficult

One major lesson learned is that commercial financing is no where close to residential financing and that you need to give yourself a decent amount of time to line things up.

If the residence is inside a gated subdivision or a controlled-access buildingthat is governed by an owner’s association, a letter from the association acknowledging the use and grantingaccess to occupants of the rental unit will be required as part of the application.A short-term residential rental requires a Conditional Use Verification (CUV).A short-term rental use is unavailable and prohibited within a residential unit or a room within a residentialunit that is located in an apartment building.

What are the typical pre-payment and mortgage payment increase restrictions on a fixed rate residential mortgage in the U.S.A.?

I specialize in Multi-Family and Single Family Residential Development as well as Commercial and Flex Space.

: I understand that there is commercial and residential, but there has got to be subgroups While I don't think you need to niche down immediately, some specializations in residential RE are:- Co-op- Condo (incl. luxury)- SFR (median pricepoint)- SFR Luxury- MFR- RentalsThere are a ton of commercial RE specializations including retail (various types), restaurant, other food/bev., warehouse, storage, and dozens more.What should I expect when first coming into the profession ?

Hi, I own/ operate handful of residential properties in the Marion county / sumpter county area (within 30 minutes of the villages).

As a former planning board member as well as having done a lot of development both residentially and commercially - I agree with JD.

This househack strategy has been suggested to me considering the scarcity of cash flowing residential multifamily properties.