Lately, the topic titles on the BPRE podcast have sounded more like On the Market show, and the last On the Market show sounded more like a BPRE episode.

My accountant told me that I needed to move the property into the LLC (change the title/deed) for the property to be considered a rental. 

Starting out in real estate can be overwhelming, but with your background in flips, creative financing, and the Pace Morby community, you’re already ahead of the game.

I'm new to the real estate game and have heard a lof of good things about Propstream and Dealmachine.

My humble advice to anyone attempting to do creative finance is:Creative finance is for experienced investors who have access to capital if anything goes wrong.Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal levelLearn the financing techniques correctlyDon’t skip parts of the processDon’t ever do a “kitchen table” closingUse the proper deedAn attorney can help you with the legal work, but the rest you are on your ownYour guru will not bail you out“Investing” in someone else’s deal by providing a small 2nd loan so the “investor” can pay for “cash to the seller” and for “closing costs” so he can do the deal is a very bad planKnow what problems can ariseLearn the responses and solutions to problems before they are neededKnow everything there is to know about Title and what that meansKnow who a "protected class" individual isLearn the "back doors"Learn human natureUnderstand timelinesUnderstand regulation enforcement (some of these "mistakes" have a 10 year statue of limitations ( they can charge you 10 years AFTER you do the transaction) and carry hefty fines and possible imprisonmentThe court doesn't accept "I didn't know" for an answer"Know that the source of the lead plays a serious role in some states and federallyKnow how much of a "profit" pushes the boundaries to invite an investigationYou can be sued by the seller if you don’t do things correctlyYou are automatically at fault if an investigator or attorney or regulator gets involved.

You might also meet title agents who have resources on, say, foreclosures or probates…and might recommend lenders who actually lend on more difficult projects (as the title companies also know which lenders can close and which are difficult).I also go visit open houses to see what sorts of finish to put on my renovations or to look for the next house or area in which to purchase.  

What tools or strategies are you using to stay ahead of the game?

Always ask your agent to ask the listing agent which title company/closing attorney that they are working with.

Escrow and title alone are $3500? 

As title says, looking for some first hand experience, positive or negative; for working with mynd.co.