There is also interference with a borrower, see the FBI site.Then we have HR 1354, 114th Congress extending(again) the 2009  FC Act, (tenant's protections).After a notice of foreclosure there are 4 folks who can approach a borrower;1.

The common theme I come across, while reading these books is that the author is currently/use to be a real estate agent. 

Chris those are all good questions best answered by by the municipal building and code enforcement authority in your area.

It is good to have one person designated as manager - or higher % owner - it helps with when docs need signed, etc.You will want to clearly define what each person will do and create titles accordingly.If you have two managers/presidents/etc. the operating agreement may conflict as it is typically created to give the authority to one.

Also check out "The Millionaire Next Door" cant remember the author but its an interesting read.

Hi Guys, I discovered this forum through a Brandon Turner (Real Estate Author) as I am looking to start investing in real estate as passive income that can lead to me doing it full time.

Based on the Protecting Tenants at Foreclosure Act of 2009 which as I understand it is now permanent law (Congress - Protecting Tenants at Foreclosure Act), the bank would have to honor my long term 5 year lease.

Or is it just by bloggers or authors or contributors pouring in the flow of info? 

You will need a release of information authorization from the seller so that when you need the payoff info from the bank, they will give it to you to refinance or sell.

Order and EnO report to check for liens or title defects.Call the local tax authority and check for the tax status and anilines,Good luck.