In addition, my goal is to have both bathroom and bedrooms recorded by the county, so that if I ever sell, I can legally advertise the extra bedroom and bath.

It goes on my books as 'materials' and the record shows what was purchased, where, to which project, and the Payee will be the worker.

RENT ROLL is $32,650x-5% vacancy = $31,017....But look at the due dates they are old so this rent roll is not current.Again look at the offering memorandum: The actual Annual Operating expenses are $147,872/12 = $12,323.Closing costs As a broad rule of thumb closing costs usually range from 2-5% of the purchase price and include things such as loan fees, discounted points, appraisal fees, title searches, title insurance, surveys, taxes, deed recording fees, credit report, etc I calculated it at 1%. 

Here's my quick brainstormHow I would find a mentor:1)Attending a local real estate clubs2)Attend real estate investment focused educational classes (not get rich quick road shows)3) Look up and research real estate records, news articles etc. of local real estate investors4) Work for a real estate office/broker/agent who invests or works with investors5) Join & volunteer at social service organizations, charities etc that known investors in the area belong.

This is a great idea if the math works, make sure to record dates and when it transitions from your residence to a rental for tax purposes.

Vacation homes and vacations won't be a priority during this time of record unemployment.

Just, WOW...For the record, this is why I call you my "Million Dollar Money Guy!"

Contact the County Clerk where the property is located and ask if they provide a notification service if any docs are recorded that purport to affect your property. 

I have 28 years with my banker and have had the LOC for 25 of those years so lots of track record..

I know it stays on your record for seven years but if I manage to bring my credit score up do you think I will have issues trying to buy in the next year or two.