That is fine if you understand that is road you are going down.

From what I understand so far is the steps below:1) The rules and procedures are exactly the same for all counties in IL as it is a state law and does not change from county to county. 

I understand that location is super nuanced, but before delving in on a micro scale I wanted to know what the big overall picture is in your Opinion!

@Avishai Segal just make sure you understand the Property Class you are investing in, so your performance expectations are aligned with the Property Class.

For example, I lived in the past in Arizona, so when I do my taxes I print 2 copies, and send one copy to the IRS (the Feds) and the second copy to the local IRS (the Arizona IRS, which is called Arizona Department of Revenue, if I remember correctly)Since I moved to Florida last year, my understanding I dont have to send anything to the Florida IRS (if there is an institution like that), I should only send a copy to the IRS (the Feds), correct?

To really get a understanding of the situation..

Here is a FB group focused on REI in East Texas: https://www.facebook.com/groups/1431671020298957/And another: https://www.facebook.com/groups/657300777664568/And here is a comprehensive list of meetups throughout Texas: https://reiclub.com/real-estate-clubs/texas/

Considering an inherited property in Los Angeles that could be rented for $6,000-7,000 monthly, and with monthly trips to Phoenix amid a child custody battle, I'm interested in understanding the current state of the Phoenix house hacking market.If you have insights, experiences, or trends to share regarding house hacking in Phoenix, I would greatly appreciate your input.

Understand Construction cost. 

I understand that investing requires some level of risk, but I've heard horror stories, and I REALLY don't want to make any stupid mistakes that will send me to the poor house.Because I don't yet have any experience, I'm wondering if I should invest in some kind of training program?