Today its guys or gals just throwing up a non descript ad on Craigslist with no pictures, very little information and no real way of contact them except through the CL email system. 

I'm assuming this is referring to whether or not I need to convert the property from Homesteaded (which it currently is, since it is my primary residence) to non-homesteaded.I asked my contact at the city if I had to convert the house to non-homestead, but she wasn't sure. 

The exception to this was a group of non communicative tenants, i inherited after taking over a property they didn't respond to any posted notices, phone calls or messages requesting information to resolve issues so that process moved pretty quick into eviction, but that's not the norm.

Couldn't find much so want to understand what it means when buying RE.Also, what are the tax treatment differences between each.Thanks,Gaurav

People respond better to positive treatment.

@Megan RandolphThe closest is buy a non performing note, get it reperforming then sell a partial to get your equity back to reinvest in another deal and you will also keep payments on the back end.Example, buy a $30,000 UPB non performing loan that is paying $400/month with 120 months remaining 10% interestYou buy it for $15k, they start reperforming then you sell 15,000 worth of payments at 10% to investor which may be 60 months (numbers not verified and for example purposes).

Steve, you should also have Hired and Non-owned Auto and strongly consider EPLI and Cyber.

what i do is always try to understand why they are selling what their needs are, sometimes they just need enough money for a medical procedure so I give them that much down and have them carry the note or wrap for 5 yr carry

Comes with a mortgage that's non-owner occupied or multi-family.The provisions only kick in if the owner isn't paying their mortgage.

For this reason the loan must be non-recourse.