We purchased it off market, as-is, and as it was our personal home, we renovated over time.

It’s usually best to open a separate business checking account so your rental income and expenses stay organized and away from personal funds.

Apparently, the person I am under contract with was managing the estate of the actual owner who recently died.  

@Richard Rafferty, given the relatively small nature you are looking to take on with your first syndication, personally, I would find it hard justify the typically 20-30k+ for a paid mentor. 

Insurance- personal property.  

And not even posts where users give me and/or BiggerPockets negative feedback, no matter how much I do not like the posts, or how untruthful I personally feel them to be.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

Your personal loan has a 5 year balloon period.  

Code § 1343 - Fraud by wire, or commits unjust enrichment, or violates 18 USC Ch. 47: Fraud And False Statements, or perpetrates a foreclosure rescue scheme, or takes advantage of "protected person" or violates the Dodd-Frank law and/or the S.A.F.E.

Attend in person, bid, if you win you have to pay right then via a cashiers check.