Take care and best of luck.  

If there is a security, health issue, or emergency issue, no problem.

A few weeks later they called the board of health on me.I review the items from board of health, and they are very ridiculous.Example, stain on the ceiling (need repair), the toilet seat is old and not smooth (need repair), tenant has no access to the basement, I don't post my contact information in the building ... etc.What is your opinion on this matter if you have encountered it in the past?

- Budget Appropriately- Listen carefully to the auctioneer- Check the property

Half a year later, here I am introducing myself to you all after having read more books than my previous fifteen years put together and devouring every resource I can find, including no less than half of the BP podcasts (almost all played at 1.5x speed; thanks for that epic Quick Tip @Joshua Dorkin and @Brandon Turner).

@Joe: If I may ask, what is the typical investment amount if you care to share that.

Thanks a lot for any tips. 

That could be a pretty powerful factor.Be careful that you're not chasing tax breaks at the expense of the the big picture.  

Any study guides or tips would be greatly appreciated!

Take care,Andy