Also, it goes without saying that if you make a procedural error (very likely as the process is designed to trip up the unsophisticated landlord, and all tenants have the right to a pro bono attorney), then you have to start the process again from scratch. 

I'd love to speak with any property managers who run properties in the Villages, Florida.

You're an attorney who wishes to represent people in the purchase and sale of real estate?

@Muhammad KashifMake the property a rental for one year before selling it.

Skip to the 6:00 mark to get into the nitty-gritty.

The risk you are describing is really the same risk every investor faces.

The commercial loan should go on your personal Sch E of your tax return too, if the property is used as a rental, where the mortgage interest paid will show.

Greetings, First and foremost, I want to thank the BiggerPocket community for being so welcoming already.

Who will be doing the showings?

Hi Barbara, welcome to the community!