(Ideally two of those)Additionally, if you get it wrong, how do you make good on your promises?

You Need A Budget is a true budget application where ideally you track every dollar.

Ideally what you want is to do a single closing where you give some cash to the seller and some to the lender and the lender agrees to cancel the foreclosure.

Watch the movie @Steve Babiak mentionedIf the tenant turns out to be horrible, you will not be able to evict for late rent.

I deal with mine practically zero.

That is where I am focusingthe legality doesn't change, ideally putting the units in an entity is better.

I deal in a very fragmented (maybe the most fragmented) sector of real estate and this has been my overall experience.We can agree to disagree that CAP rate has no place in underwriting an acquisition.  

When buying and selling rented and performing properties what is the ideal order of operations...    

Personally when dealing with bureaucrats, and I deal with a lot of them, if I get an answer that I am unsure of, I go ask a different one.

Not the ideal way I saw my first investment going.