Funny how people either forget or ignore due to money being involved, that you're probably going to struggle or at least hit road bumps along the way, especially when you get started, and that is something you have to be willing to sign up for.

@Sean Stu Yes to what Dan said.In practice, you ignore depreciation until you deal with tax issues.  

Some inspectors are nitpicky and mean, especially if you ever say you constructed it ignoring their rules and fees.

Am sure this shows my ignorance but why can't they get a SS#.

The landlord ignored my request to lower the rent further, or have a separate meter installed for the apartment, so we finally moved out. 

I had a friend, who 1 of 2 toilets was broken, she told her landlord multiple times, landlord ignored it-- she got plumber out there to fix it-- $300.. a new toilet is $100.. stuff like that...  

Originally, I was thinking that a 203k would be the way to go however after speaking with a few real estate agents I've been told that doing FHA 203k isn't very advantageous the reason being that lenders who do 203k are PITAs to deal with, which means they will be slow to close resulting in sellers most likely ignoring our offers.With this in mind, my thought turned to using a HML to either:finance the purchase plus renovation costs with the HMLfinance only the purchase with the HML and then get a separate personal loan to fund the renovations (I am pre-approved with SOFI for up to 100k otherwise I would consider something like Lightstream).I would think that if I can close really fast with the HML I would become that much more interesting despite me asking for a lower than asking sale price.Obviously I would do research and get RE agent and/or appraiser to tell me what the property could be worth once renovated in this current market and assuming I got an offer approved for less than asking I could get working on the renovations.I don't have experience doing renovations so I am not hoping to get such a project done in 30-60 days.

My investing path and goals revolve around personal investing while also working for a brokerage, so I am a little confused in my ignorance.

When the tree feel, we were able to show our insurance that we made them aware of the problem and they ignored it, so that made them liable and their insurance ended up paying for it. 

@Shawn Ackerman  pardon the ignorance but what is a OTP an what is PM ing ... ????...