And find a mentor, someone who is doing the specific thing you want to do and either buy into one of their deals or do a joint venture with them. 

I bet you'll be able to connect with someone willing to do a JV (joint venture) with you or at least offer "softer" hard money to get you going!

Depending on cost, you could set up to take ACH payments through your bank, and get paid both the deposit and rent electronically. 

Can i then quit deed claim it into our joint LLC? 

I watched Chris Goff's webinar and have signed up with REIPro to educate myself on wholesaling and I am eager to get started.I would love to network with other Real Estate Investors in the DMV (DC-Maryland-Virginia) area and do joint ventures together. 

It didn't help her situation that she submitted a picture "of a wet basement" that showed no water, and her daughter actually confirmed that there was no water.While it's possible in your situation that some moisture from the roof leak may have contributed a bit, the underlying cause was the heat from the blocked dryer which was due to negligence by not cleaning out the lint trap.If it's one lease with all 4, and you have a "joint and several" clause, I'd name all 4 in a suit.

The risks are what I need to know more about as well.Below is what is stated, regarding distributions, in the Joint Venture agreement that she sent:10.

We had previously set up a 50/50 Joint Venture agreement on a 4-plex.

On the other hand if you plan on more than one joint venture it costs less than 500 to set up an entity and pay for the licensing for a year.  

Note my Lease states that I write a joint check and mail it to the first tenant alphabetically.