Not only should you know a lot about owning and operating real estate, but you also need to be pretty good at reading people and deciphering if they are good, honest people or not.  

Ask your title company to pull a typical mortgage for you ( they are recorded) then read every section of it.. you will normally come to a section of the mortgage that says EVENT OF DEFAULTand thats where these events will be listed. they inlcude Wastenon payment of insurancenon payment of property tax's Alienation of title  ( thats what your doing when you transfer title and do not payment off) sub too.Etc.. 

I read up on some pros and cons but get very overwhelmed with it and would like some real world experience.

Short back story - Became debt free after paying off $30k - Currently have $25k saved - Have been doing research, listening to podcast, read the book on rental property investing by Brandon Turner, and became a ProMember of BiggerPockets (learning how to run numbers with the tools here). 

Thanks for reading through and looking forward to hear ANY feedback. 

Many probably are.Just be careful about getting sucked into a new career and not having the time/energy left to invest.

Based on cursory reading looks like your purchase might qualify for USDA B&I.

Although I have been a member for a year, I have not been reading the posts, but now as I prepare for the Rookie Bootcamp, I have assigned myself homework to make a post and comment on a post on the forum.Riverside is a great area as well as the surrounding areas, so that is an exciting start!

I have read up on some of the process on the county website as far as a 14-day notice and they have a little bit of an outline of the timeline would like to talk to somebody that's more familiar with the process.This would be for non-payment of rent on a month to month lease that went month to month after the year-long lease expired.

DTI is crucial for these products even if you can get a higher LTV product if you can't meet the payments all the regulators don't care about your equity position.