Like with any investment instrument or strategy, it does have to do with your risk tolerance, how you like to get paid, what you are familiar with etc.

FHA loan require one-year owner occupancy beginning within 60 days of the date you signed the security instrument.

@Joe Homs has been very instrumental in helping along the way through my real estate journey and also was there on my first time visiting the meetup! 

Government does this by recording concurrent, simultaneous security instruments (DOT's in CA) to both discourage would-be borrowers from tapping the last ounce of perceived equity and if you read the HUD junior lien, it makes specific reference to such a breach.Clever hard money lenders know how to circumnavigate this issue.

Provided the security instrument that was used is properly structured.Lastly, when was the last payment made by the Borrower and I suppose while we are there, who is servicing the loan right now?

What advice/mentorship did you feel was most instrumental during your process of buying?

Welcome @Adam Treece, this site has been instrumental in my development as a real estate investor and I am sure there are several hundred others that would agree with me!

Seems like there should be a notation somewhere that the D-T also applies to assets in other areas... but I guess this isn't needed, other than in the security instrument in the county (each county) where secured property is located.

If you are making proper investing decisions based on the current value of the instrument and want to play speculator as an added bonus then have fun.

Purchasing a Note - or purchasing a mortgage or deed of trust (the security instruments which secure said note) - is not like purchasing real property at all.