We typically obtain most of our properties at auction and leave enough “juice” to make it a win win for everyone. 

Win for the local authorities, bigger win for the gang.

Did you win?

Leasing commercial space is not necessary to win in the real estate investing business. 

Whether this year's market or next, trust your numbers - there are deals no matter what, but it might take time to find something that works for you.My first multi (JP three-decker) was also a house hack with FHA lending, and it took 18 months to find and win the right combination of condition (FHA has stricter rules on condition, no matter your trade experience), existing tenants, area rents, and location we wanted to live; be patient, be thorough, start looking soon, and trust your numbers.

I want to emphasize to her that my interest in REI is not to get rich quick, but to gain financial independence so that we both can spend as much time with our new daughter as she grows up.

If the property is then forced into a foreclosure auction, the first mortgage would be paid off, then any senior liens get paid, and then the lien that was assigned to you would be paid (in full) -if there is enough equity in the property, or you could win the property at auction for just what remains on the mortgage and senior liens.  

And you will have a more difficult time maintaining it if you fail to visit on a regular basis.Section 8 is not a automatic win (or loss, for that matter) for landlords. 

Win win win.

When it burns your tenants will sue you and will probably win.$8k seems high for a service upgrade, but I'm guessing that also included replacing all the sub-panels in addition to the main.