Let’s start off with the “I’m not a lawyer, just a pretty well rounded landlord in Lakeland, FL” That’s an interesting question... while  “suggestion of Bankruptcy” is a typical defense in foreclosure cases against mortgage companies, I haven’t seen it used in rentals before (myself)... but that action does usually stay pending litigation, so I could see how it could work - IN THE SHORT TERM.  

It sounds like you plan on owner occupying the first property you buy which means you'll be able to get away with putting only 5% down as an owner occupant.  

Close enough to home for you to oversee easily (one-day round-trip preferred)9.

I ended up learning everything in the month after I finished the course by taking Prep Agent (which I highly recommend to study for the exam) - I passed on my first go round. 

Bonus unemployment added $300 to $600 per week, plus there will be three rounds of stimulus payments by the time mortgages come due. 

Once you have hit your 10 limit, you would then move on to either Non-QM  / portfolio loans, or you refinance most of your properties into a commercial blanket loan, thereby freeing up your Fannie Mae  / Freddie Mac slots for a new round of 10 loans.The caveat is that when you do the Non-QM / portfolio or the commercial blanket loans, that you are not required to have a personal guarantee on those loans, otherwise if they require a personal guarantee, then the still count in the 10 financed property rule.

We want to gut-renovate and update all systems, which will require some larger ticket items like a sprinkler system -- we're hoping to stay within our estimated budget.

My partner and I recently bought a duplex in Round Rock (our first property) and are planning our next purchase, hopefully to be made by the end of 2021. 

Seems if you get away with it must be legal and if you don't then that's illegal.

In other late breaking news, women receives ticket for speeding, bears do poo in woods and water is wet....It's subsidized housing, everyone in sec8 knows you can't do that, everyone who pays an ounce of attention as it's only conveyed countless times.