Sure, you may need to file a few extra forms, but it's really not rocket science and any half decent CPA should be able to do it for you for no more than a few hundred bucks.I always account for the following when UW deals:- Property taxes- Property insurance (including an umbrella policy)- Property management monthly fee- Property management re-lease fee (I assume I have a new tenant move in each year)- Owner paid utilities (if any)- Maintenance and repairs (for a SFR, I assume between $75-100/mo)- Capex reserve (depending on the condition of the major things in the property, this will drive cap ex reserves)- Turn reserves (I like to have at least $750 in the bank for a turn)Other than that, depending on whether or not a property is held in an LLC or not, I may add an additional LLC fee of $800/yr (since I live in CA) and I will also usually throw in an additional $200 in accounting expenses.

As you say, both recordings have the same account number so the release from the mortgage company should cover both.

If they are on Probation/Post Release, they will have an officer checking on them and how frequently depends on the level of probation they are on. 

If you do end up installing the bars with some kind of safety release system, you may be able to get 50% of that back from a temporary rent increase.

Erik,I agree - there's always that risk but...here are the Mitigation & Contingency Plans:Mitigation (or how do you reduce the risk the seller can't or won't give you marketable title):- do a title search/lien search to be sure there are no liens on the property- one can have a quit claim deed in escrow (from seller to buyer) and it shall be released in escrow upon certain agreed terms upfront (like payment of 50% of the Note) so seller can't decide later on NOT to give you marketable title- one can also record a Memorandum of Land Contract/ or a wrap around Mortgage so there's a lien on the property (although there's a risk that the underlying loan's lender can call the loan due)Contingency (or if the risk happens anyway, now what do you do?)

You wold have to get a release. 

Spend the free time (however little it is) going to meetup.com (and other) real estate gatherings in your area for multifamily owners (to purchase you may need to partner with an existing owner as your deal sponsor with cash, net worth and experience to qualify for the loan).You're not going to learn this overnight, it's a rather large body of knowledge.Also while you're doing this hang out in this forum a lot and learn things here.A new job where you can Earn A LOT more money would also come in handy.In addition to that, read Rich Dad Poor Dad.Over time, other options to make money in this business may open up for you--so be open to them also.Good Luck! 

Doesn't have to be expensive if you're smart but just overall makes the house unique and stand out.I like the blue body color on the exterior, (it's kinda mid-century actually) but agree with @Linda S. and @JD Martin - that door color is bad.

Just released a video on my Youtube on why all STR, Airbnb & Vacation Rental Hosts need to allow pets at their Airbnbs. 

There should be a recorded "Release of Lien" in the county.