Seller carries a shorter term note at a higher interest rate and accepts interest only payments for the term.

That does not mean that the seller can not accept YOUR offer, but the lenders usually require that the property has exposure in MLS.New Hampshire is a non-judicial state.

From reading here, I believe an LLC structure is the right next step (if I'm going to accept contributions from other FAF type investors), but where do you go for commercial insurance?

But, if you have a bad tenant, you can go through the 14 day notice, wait out the 3-4 weeks court day and the day before you go to court, they can deposit some cash in the account, then show up at the hearing and say they made a payment and you accepted so therefore the 14 day and court hearing is  essential void. 

I see you are from Illinois and here is a link to their state website explaining that the property tax exemption is only on the primary residence:https://www2.illinois.gov/veterans/benefits/pages/real-estate.aspxHere is a breakdown of these laws by state:https://www.hadit.com/disabled-veterans-property-tax-exemptions-state/Thank you sincerely for your service to our country!

Shortly after this deal hit the MLS we had a cash offer that was quickly accepted.

HI Ben there is a website is call Diedinhouse.com it give the history of the property you have to pay for the report i personally never tried that's  the information i have i hope it helps you and good luck

I do agree with @Anthony R. that you need to be sure to include enough in your budget for repairs and also Capital Expenditures (new roof, furnace, etc) I think @Ben Leybovich did a study a while back and found the average home in American needed about $250 in repairs per month if you really figure in everything that will eventually wear out (the entire home accept the foundation and framing).

I have seen on this website answers both ways regarding this (the site administrator saying leave it in Sch A, and his colleague (also a enrolled agent) advising that it can be written off in Sch E, but that there are certain restrictions mainly -- you must have passive activity gains where the deductions are covered (no passive activity loss carry over allowed.

There are a number of ways to justify your claim, but one of the most effective I've found is to look up similar build and size houses near your property and then look up their tax assessment's on the county website.