I realize these are ofcourse simply just references and personal opinions of different parties..

This would be my first rental but I have done extensive research and have a friend who owns the same property, they are indivdual 4plex that are party of a condo community.

I remain sadly convinced that the reason most people don't want to do any handyman work as part of real estate investing is because they think they're above this work, not because they think they can't do it well or there's a sharply compelling reason for them to focus their efforts elsewhere.It's also the party line of every real estate guru out there that you should never do your own work.

Now we're told that this new seller has stepped into the place of the previous one, and wanted to proceed with our purchase contract.I would have thought that the seller's agent would have been obligated, when facing a foreclosure deadline, to seek a cash offer from us to stop the foreclosure first before bringing in a third party. 

Some of the disadvantages are generally lower LTV/LTCs, higher 3rd party fees, and additional legal review requirements and fees for LLC/partnership holdings.

The consequence of lying is mortgage fraud, with numerous parties servicing 3-5 years prison terms.

My situation is - I’m an employer of a S corp and have W2 from my company- Went to local mortgage company to qualify for 300K loan - the  mortgage agent told me that even with W2 - the lender will run 3rd party check to find out I’m the owner of the company- which is no go.

All parties have 72 hours to submit data to the appraiser to challenge. 

However I have never seen (or been party to) a disclosure form saying "Broken light cover in master bedroom", "Chip in kitchen counter", "Square cut from carpet in closet".

That can be extremely helpful in learning the basics and networking with those in your office and vendors they use that will be extremely helpful (Title companies, home inspectors, attorneys, property managers, lenders, etc) I wouldn't recommend any sort of paid 3rd party coaching/training until you've built up some momentum and the income to cover the cost directly from sales commission.