Getting an LLC in place from the start can provide peace of mind and give you a chance to familiarize yourself with the process before expanding your portfolio.

Anyone who is able to leave a bottle of wine for their guests should do it.

I work mostly with investors doing just what you are seeking, the BRRRR strategy.

I really like OKC but it has tornados that kind of prevent me from looking further. 

I am sorry, I am not good with a financial lingvo, could you please clarify? 

It helps a lot with networking on here.Other than that, be a sponge and soak up as much content to learn the game.

It is my understanding that the new owner will have the house at the cost basis of my purchase price, for calculating capital gains taxes or depreciation.For gift tax purposes for you - FMV.For capital gain tax purposes for the recipient - your original basis/purchase price 

If you do this, make sure you have clear intentions and written terms each party agrees to.  

Do the math at a 6% loan rate.There's a reason many apartment buildings have been converted to condos and sold.

My current agent suggested if it made sense financially, to do some rehab work to get the properties rent-ready, but I do not have the liquid funds to do so and sell these as-is.