@Michael LindeYou will need to get educated on it - start by going over to the tax lien and mortgage note forum here on BP and watch some videos on YouTube.Full disclosure - unless you have a few hundred grand to invest notes probably not what you’re gonna be looking for.

It means an extra call/text for whoever is giving notice or letting the person in, but it will make sure it doesn't happen again.

You can lock off a closet or two for your personal things ("owners closet").

@Bob AsadI personally would not. 

I have personally seen subs who specialize in storm water management systems as well if that's something that is necessary.

What’s are some things a newbie investor like me should watch out for or avoid followed by what should we prepare ourselves for? 

I understand that I can deduct mortgage interest up to $750k on my personal residence.

The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.

God watches over idiots.  

If the property isn't in an LLC, I pay everything from my personal/that property's bank account that may be in my own name.