Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

I'd like to lay out my plans/concerns and see if anyone has any feedback I ought to be considering.I'm 30 y/o, no debt and about $65,000 in savings (of which I'm comfortable putting about (55,000 into real estate at this point).  

Is my concern much ado about nothing?

Has anyone with experience transferring property deeds that are financed with mortgage companies ever had any issues with the due on sale clause and is there anything I should be aware of during this process that other beginners may miss? 

They intentionally deceived you, so why is your primary concern their feelings? 

On a serious note you have a right to be concerned.

So, I have read several books and posts on here concerning offsetting income tax with passive loses or depreciation from rental properties, but I am still a little unclear as to how that all works and if I can actually use use rental property losses or depreciation to offset my house flipping taxes. 

There is a beginner's guide if you haven't already heard that is great for investors starting out and helps you answer a lot of the questions Jonathan posed. 

I have been nothing but determined to get into real estate the more I listen to the podcasts and the more I read the forums here but at times feel overwhelmed when looking around, and am concerned about buying in an area I know little about.

Again, not mandatory but seems to be more common as the concern increases about the health issues related to cesspools.Mark