In planning to sell the final bed and breakfast 5 years ago I bought a duplex.

If you wanted to work with a developer/builder, I would think with our engineering backgroud, you should be able to be a project manager, forward planning, even acquistions associate, albeit with some training. 

Some issues are to be taken care of by the tenant and others by the landlord. 

This is the “free answer” from Google, so it’s worth what you paid for it…https://www.justanswer.com/law/80qys-live-arkansas-neighbor-....Lawyer: LawEducatorUnder the common law of property you are entitled to trim branches from any trees that are overhanging on your property but must do so by exercising reasonable care not to damage or harm the tree.

•I plan to put 20% down on this new property, which means I’ll be left with about $80,000 in cash after the purchase.Given this scenario, I’m trying to decide whether to pay cash for the second property or continue with the 20% down strategy .

This way, you can focus on finding the next great deal while we take care of the day-to-day. 

My plan would be to live in it for a year and then start renting it out. 

Likely, the city doesn't have the resources to follow up on every single filing to figure out what ended up happening but I'd def consult w/ an attorney to figure out your next steps and be very careful about the conversations you're having w/ your tenants before doing so.Happy to chat w/ you offline to share my experiences w/ this.

If you bank at a retail bank it's likely that you could pull a cashier's check to provide  certified funds.As to the wisdom of using other people's money (that you are solely responsible for) you'd better be comfortable with repayment even if things don't work out as planned.

If you are going to engage an architect and do full plans and permits, then you will likely need to do some pretty serious analysis.