I would hate for you to lose a good deal just because you did not understand foreclosure and redemption.  

Obviously hind sight is 20/20 but something to keep in mind for next time.Good luck with it all.

If they don't support you or what you do you will probably lose.  

IF on the other hand, you lose a tenant at a low activity time of year (e.g. just before Christmas / New Year) and the unit needs some work before it can be re-rented, it is very easy for a fair bit of time to pass.For a multifamily, it is normal / common to have a house meter for the electrical (external lights, hallway lights, etc) and possibly a house gas meter (if there are common areas and depending on how the common areas are heated).

This is a great sight to learn from, and there are a plethora of resources. 

As time wears on I think the marketplaces are going to lose their luster.  

This is designed for CA to not lose track of your deferred gain so that if you ever recognize the gain they can get the associated tax from the time you owned there.  

I am 23 now and setting my sights on northern ohio real estate.

Don't lose a lot of sleep over the caliber of the tenants. 

But ultimately it is up to you how you decide to work with hard money lenders, they be an asset if worked properly...if not you will lose a ton of money.