My recommend would be to get the loan prior to starting. 

Since you don't have any prior experiences, you will need 20% down

He did not mention needing a variance but I assume this is something I can get in writing from the town or the seller prior to an offer? 

But this is how I filed:1) Mortgage interest and property taxes for the primary residence went on Schedule A.2) Using the date I changed the locks as the split, all income and expenses incurred on the rental property prior to the that date - including the locks - went on Schedule E. 

It doesn't really matter if the Note is sold off again...Meanwhile, these prior discussion threads might be useful to you. 

It's hard to guess what a judge might say without prior experience but I do typically try to avoid Murphy's law if I can.

In your market are you able to do a Home inspection prior to buying and how old of homes are you talking about buying?

No where in the lease does it indicate that you’re here because I was able to by this property because of you nor agreement made prior.

It is essential to have a strong team prior to pulling the trigger.

Have your landlord insurance and umbrella policy and keep your properties in good repair (eliminating/reducing risk of negligence,etc type issues).Here are a bunch of prior discussion threads on LLC and insurance which I think you will find useful.