To keep the home loan people from getting confused, you will want to NOT report the rental income/expenses on your personal tax returns Schedule E, instead have the LLC do an S-Corp election, and report the income/expenses there (after confirming the truthiness of all this with your tax professional, of course).

People often refinance to much money back out of the deal and turn the property into an alligator that no longer pays for its own PITI. 

Hi Bob,Make sure to have an investor friendly realtor so that you won't have issues afterwards.HOA are very tricky, as the boards change very often, they could be years that they don't do much and other years that they are suing residents if they are not maintaining the lawn.CC&R are the key to review in this case, those are public so available for you, and those are required to be provided by the seller every time.Don't go the route of do it anyways, that will have cause you consequences, I had a time that the HOA sued a property owner just for missing 6 months (the property owner was renting out the property and it didn't receive the invoice to pay the dues so she forgot).

This is a great place to learn and to connect with people so take advantage of all the great resources.

. * when I say private lenders I mean true private lenders; people who lend to you becuas they know and trust you.

Mostly car collectors, people with large RV's ( read Custom Bus)., or people with boats and jet ski's that need stored in the winter.

The people who are the "business development" people like Laura working for this company, how do you think they make their money?

Attend meetups and meet as many people in RE as you can.

Typically I find after I've owned the home for a year the cost of a home warranty isn't worth it and I can find people to do repairs at a pretty good cost.

People who get evicted after not paying the rent for a long time re usually not the best people and often leave lot of damage in their wake.