Your future leases should include that this is your process. 

I would imagine any final version of drawings in you posession  will contain language similar to what I am including below:

Is cash flow the main objective?

Purchase price: $172,000 Cash invested: $70,000 Main property is 1387 SF.

My main focus is house flipping investment properties, but I’m open to learning anything provided to me. 

Numbers and landlord laws just didn't make sense imo.I started lookin at out of state investing to find properties that will cashflow and settled on Columbus, Oh as my main target market.

I just didnt know if that would work for my current situation since the main property I would be making income from I already own...

I've been devouring any other resources I have been able find as well, to include all of Frank's podcast episodes, and a couple of others too.

It is the bidder's responsibility to perform all research regarding the property, including the value, title defects, liens, mortgages, or other encumbrances.

But, I am guessing you need something to pay the bills today instead of in 10 years...simply put, REPS is just the ability to take passive losses incurred that year onto your main 1040 return to offset your usual wages/salary.