This would be my first real estate investment, making the decision even more critical.I understand that backing out would mean losing the $2,000 earnest deposit.

Don't let taxes drive your investment decision.

The longer it stays in the same taxpayer name before changing it, the better.I would also suggest you speak to your CPA before making any decisions.

This goes the same for calculating rents in the area, I what to know the real data.. i.e. from the MLS, or insurance from the broker/insurance agent to make the right decision.

My goal is to help my clients (and myself) make smart, practical decisions that balance cash flow, scalability, and risk which is crucial I know real estata is risky I have raised over 20 million dollars in Business Funding over last 3 years.

BP episode 563 had some good nuggets about this topic. 

Hi @Joseph Goode I didn't see any responses on this so I wanted to see if anyone did get back to you via PM as I am interested in this topic as well.   

It might be a better decision to do a 75% Cashout Refinance.

Since in the sponsor - investor platform the investor is giving up decision making to the sponsor, there needs to be a legal structure offering the investor recourse should the sponsor not act in the investors best interest, or prove incompetent to manage the enterprise.3.

Welcome Nish.You are making a good decision to get into real estate.