Naturally most will be general information; which is why I am here asking additional questions.

Naturally they have buried their heads and have not been responding to any form of communication so I feel that on the 17th, I will have to file for eviction.If anyone could give some good references it would be greatly appreciated.Thanks!

What are the natural resources (lakes, beaches, mountains, etc)?

If it’s something you are naturally drawn to, that will work in your favor.

Interest on proceeds used to buy a rental is generally deductible, interest on proceeds used to pay your individual taxes is personal in nature and non-deductible.There are specific rules on what order proceed "lots" are paid back per the interest tracing rules when mixed use is involved.I recommend speaking with your tax pro and keeping them in the loop regarding this plan.

If the dog is mild natured and this was a simple accident then I wouldn't worry about it.

So by nature there is always going to be a lot of work, generally these are older properties which require more maintenance cost to be placed in reserve.

I would like to learn more about setting up a LLC (or other legal entity) to own the investment properties and accounting/financial strategies to offset the income with the expenses... things of that nature.

I did have to come up with the Earnest Money, and pay for a home inspection and things of that nature, but costs were minimal.

I did have to come up with the Earnest Money, and pay for a home inspection and things of that nature, but costs were minimal.