What special rules do I need to follow (e.g. proper number and placement of smoke detectors and carbon monoxide detectors) that might apply to a rental property that don't apply to a primary residence, or where can I find these rules?

As far as some tips to keep in mind though, I would say to develop a great understanding of the area you are looking at investing in.

What I do when reconciling client accounts is to just make sure that the "bounce" is recorded properly along with the redeposit.

I am quitting my job as a real estate developer to go back to graduate school and receive my Masters in Real Estate.

Perform proper tenant screening if they will be living next to your family.

It seems like BP iOS app needs some developer love:1) It's not optimized for iPhone X at all.

Assuming a mortgage is not a Sub2.Sub2 or taking title subject-to refers to taking over legal title to the property subject to the current financing, encumbrances, liens, etc.If the prior owner is now a leasee, hopefully you structured that well and setup and fund a new tenancy as soon as title transfers over to you so that the rights and duties of both parties were clearly laid out.If they arent in a contract any more you can give them a notice to vacate and the proper time to leave depending the local tenant landlord laws in your area.

In most areas of the country, a properly priced duplex will never make it to the extended period Set up a search at Hud homestore and you will be notified once the property hits the market 

I've heard of IL strict deposit return protocol so either way give proper notice of intent to withhold in a timely manner.I withhold the days of rent it took to re-rent when I receive no notice. 

Chances are you will still have to put your own capital into the deal, but this method, if done properly, can minimize the amount of capital required.