Adapt your approach based on the local conditions and keep refining your investment strategy as you gain experience.

lawCode=GOV§ionNum=65852.22They way the law is written - owner occupancy requirement should not apply if the property is owned by a land trust Am i interpreting it correctly and does anybody has experience doing this ?

One thing I will say is to start before you think you are ready, learning from experience will always be more valuable than any BP post or youtube video that you watch. 

- If you have experience pursuing tenants, what approach did you take?

We are currently waiting to see the experience with the Florida LLC, re insurance, tax, beneficial ownership issues before we deed the Virginia properties into the LLC.

I've never met an investor that didn't want to help, share stores and experiences about the mistakes they've made.

As the borrower, you will typical pay these.One benefit is that a good HML will have local experience and be able to evaluate and confirm you have a good deal that protects everyone.

Additionally, they decided to take a vacation at a critical juncture - the week of closing, without notice or planning - rendering them unreachable and leaving me in a difficult position.This experience has led me to question whether I need to stick with an attorney in the state where I'm purchasing property.

I do have a small amount of experience in doing rentals in the past and we currently have two single family properties that bring in positive (but small) cashflow monthly. 

I don't yet have any experience, but I'm feverishly trying to learn as much as possible about wholesaling and fix-and-flipping (although, I'm not totally against the idea of rental properties, though).