If you don't, then the blanket term applied in the industry is 'mortgage fraud', meaning you intentionally applied for a loan under false pretense. 

There is a lot of growth and development in the residential sector but there is also a huge amount of growth in the industrial sector as well.

I am also new to the real estate industry.

The general news media is a pretty poor resource for real estate information, usually not totally wrong, but compared to industry research it is pretty shallow and sometimes incomplete or sensationalized.

When people enter a new business industry they sometimes make the mistake of going ' well no one is doing this great idea I had, so I'll definitely make a killing because no one else has thought of it!

There is also a cost, and an opportunity cost, with self-managing versus hiring a professional manager.Without getting too far into the philosophical weeds, let's look at an analogy.Hair color, particularly for women, is a $ billion dollar industry in the U.S. and the Western world.

From my experience, people in this industry are pretty happy to help, so I wouldn't be to concerned about someone jacking your deal.

I spent most of my 20's in the construction industry and know a lot about doing the actual work it takes to renovate a home, so I feel that gives me some sort of edge.

Even if you end up using third party property management in the future, the knowledge you will gain from working in the industry, will help you forever. 

Not sure where you are looking to invest, but being a broker in Indianapolis and having several connections in the industry we tend to receive a lot of off-market deals to send out to our clients.