What I am looking for is a book that explains the basics of REITs: what they are and are not, how they are structured, what types of laws they follow, differences between private and public, strategies, types of properties they own. https://www.millionacres.com/r...

Or is some requirement to obtain a "sophisticated" classification required first?

I just do not want to mess up any thing pertaining to being unable to obtain conventional financing because I left my job all of a sudden.

Talk to the city planning division before you approach the council and see if you can do a public records request to obtain the property’s permit history. 

You will need to file a No Tax Due Report (05-163) as well as a Public Information Report (05-102).  

Typically, start an LLC, get licensed through the state if required, obtain a million-dollar insurance plan (don't skip insurance!)

Nuisance include animals in public areas who are not under the complete physical control of a responsible human companion and on a hand-held leash of no more than six feet in length or in an animal carrier."

I should have an option where I am currently working to obtain my MLO/Broker License and work as a loan officer.

Happy to help if you want to share info over DM instead of on the public forum, too. 

What Zillow actually paid for a home is way less than what the public records show and we all need to recognize this fact.