Having said this, I am a big fan of utilizing a property manager, unless you love it and want the management to be your day job.

Concrete pads, utilities to each site, waste disposal, etc...

In some cities the electricity is provided by a city owned electric utility and they can put a lien on your property for non payment of the electric bill. 

In my experience working with lots of permit agencies/jurisdictions over the years I have learned that it is always best to utilize a city's permit office as the best place to get answers to your specific questions.

Otherwise, people can easily become discouraged if they don't meet that "milestone" in 5 years.Debt is a tool that is very useful and very powerful when used properly, but can be a very real game-ender when utilized foolishly. 

I found the deal because my friend reached out to me after seeing I was doing some investing through Facebook/Instagram.

However, prior to signing the applicant came back with a list of requests such as maintenance using battery operated tools due to utility cost concerns, installing motion detectors, rental insurance not covering fires, tree falling ?!????

You should know the approximate monthly utilities cost for a duplex or 3-plex if not separately metered, how your purchase may or may not have an effect on the property tax bill the following year, etc.

Need some advice.I am buying a home that will be my primary residence (drivers license, utilities in my name, car registered to this address, all mail goes here, etc.), yet am considering using it as an STVR.

The benefit of any line of credit over a simple loan is that you only pay interest on what you've drawn, plus the simplicity of only drafting one loan rather than doing it over and over again.Where I'm struggling is how to apply this to a private lender utilizing something like their IRA.