I am not a lawyer and it would be better answer by a title attorney.As per my experience a quitclaim is enough to transfer ownership.

I recognize that I don't know enough to be truly effective in my REI.  

I am not sure she is going to leave me alone.Would you pay a lawyer to write a letter to leave you alone or just do as you say and if she does file a small claims just deal with it then?  

Once in my control I would get the lawyer started on the deeds and agreements, and the realtor started marketing the property.Option 2, is an idea that I have only been thinking about recently.

(PMI effectively raises your mortgage APR and is no longer a tax deduction on a primary residence.)If you really want to invest, what short-term sacrifices are you willing to make? 

This counsel is not necessarily the lawyer who does your closings--look for expertise in company structure and litigation all with knowledge focused on real estate or development.  

Getting prelims from an Escrow company or Lawyer is great.

Almost all DSCRs require a personal guarantee, and PG'ing a loan WILL have the exact same effect on your DTI, regardless of whether the DSCR lender reports it on your personal credit report.

Since the property has increased in value due to your rehab efforts, you can often refinance for more than what you originally paid, recovering your initial investment.Repeat: After refinancing, you've effectively used none of your own money, but now have equity in a cash-flowing property.

These areas might provide higher returns due to lower initial property costs combined with tax savings.Rent Control Laws: Be mindful of local rent control or tenant protection laws, which could limit your ability to adjust rental rates or manage your property effectively.7.