its not hard and i recommend you do as the lenders wont count your rental income towards income for your next property unless its on your returns for 2 years.  

Your construction policy probably wont have a general liability clause to it or if it does the insurance company may push back. 

Now that's not to say along my journey (of which I have many many more years to go) I wont partner with people on deals, because I absolutely will.

The 6 unit needs almost nothing at them moment so repairs aren't a big concern, BUT I know sometimes with government subsidies, tenants can tend to destroy things and leave them in shambles.  

The seller will order a payoff from his/her lender prior to closing and that lien will be cleared from title and wont appear on your owners policy.

But in our case were almost through it and it'll be worth it since I wont have to deal with banks or hard money loans for the flips we plan to buy.Good luck.

I will say that I have that fear that I will not be good enough, that I wont be able to do it.

Im missing pieces and wont go out there till i find those pieces, i would like to see those contracts and see what they look like and get an idea what i use for buyers and sellers and get an idea of it all.

I wont be able to purchase for at least 6 months I know this home will be long gone, but I thought someone who can live with this tile or demo and rehab will be getting a nice property!!!

Lets just say its a 10% premium over actual value, so your effective interest rate over the 11 years is less than 1% (I wont go into the real math, but for simplicity sake lets call it 10/11 = .91%).