I took the gamble of waiting until the house was renovated to insure, and I'd never do that again unless its unavoidableMake friends with the neighbors.

Forms can be misleading - - we THINK we understand what to do, we all can read, B U T sometimes there are consequences we didn't understand.The QC or Warrant Deed is trivial - - The PCOR (prelim Change of Owner) is where the rubber hits the road and you hit with sales taxes and other consequences.Why gamble? 

this is one of my favorite threads. 

By far my favorite is in your backyard.

They are my favorites! 

Especially my favorite kind, income producing real estate.There are other options out there  like private syndications that provide higher returns and some of the crowd funding sources.

There is a part of me that is crazy taking that gamble. 

The thought was to utilize the twelve months and utilize as much as possible take the gamble that I can get two done with one fee

One of my favorite house hackers is named Meredith. :) Currently she is taking in a few refugees from Ghost Ship tragedy.... because as a homeowner, you can do things like that if you wish.Fresno and Central Valley aren't crazy.

You being a commercial RE broker you may have people who like you with deep pockets who are willing to gamble on you as a newbie to real estate investing.