And once the forbidden door to the forbidden room is open, it's not my problem if they're surprised by what they find in there.

The difference is that there's a professional salesperson (real estate agent) hosting the appraisal who in no small part justifies real estate values for a living (to clients, to appraisers, etc etc), versus a consumer on a refi just opening the door and saying "yup come on in, I'll be in the other room if you need me."

Managing single rental property would probably be OK but as I mentioned earlier as an investor I do not want to do the 'job' of a property manager and would rather pay someone to do it.Unfortunately, you will not know this until the IRS/DOL walks in the door and tries to find a problem.

(C) "Real estate salesperson" means any person associated with a licensed real estate broker to do or to deal in any acts or transactions set out or comprehended by the definition of a real estate broker, for compensation or otherwise.

Having a home in Gainesville that we own would be ideal, and then any investing on top of that we can do gets our foot in the Door de la Real Estate.

I was thinking an exterior door (it's an interior staircase) for security, is that a possibility or a bad idea?

Hi Adam, its stated that one should not trespass on the pre or foreclosed property or trespass at all, but to get ahead of the big fishes on a great deal you could be polite and go door to door, this would put you ahead of other bidders since you know what needs fixing. 

[No coverage for] Water below the surface of the ground including that which exerts pressure on or flows, seeps orleaks through sidewalks, driveways, foundations, walls, basement or other floors, or though doors,windows, or any other opening in such sidewalks, driveways, foundations, walls or floors;...Wear and tear; marring; deterioration; inherent vice; latent defect; mechanical breakdown; rust; mold;wet or dry rot; contamination; smog; smoke from agricultural smudging or industrial operations; settling,cracking, shrinking, bulging, or expansion of pavements, patios, foundations, walls, floors, roofs orceilings; birds, vermin, rodents, insects or domestic animals.

This froze solid in Chicago, so I keep behind storm door, now 

Second non-related question - When the people say "I usually look for $100 Cash Flow for 1 door, and $200 for 2 doors" What does this mean exactly?