As someone who is new to real estate, I'm thinking of being a bird dog for investors (although I haven't found any to work with me yet ) until I learn more of real estate. 

Just transferring it gives you zero protection - the reason why it never comes up is because no one can name ways you get sued when you have a good insurance policy so its a mute pointSo long story short, you are wasting money transferring it to a LLC is my personal non legal non tax opinion.

I'm assuming you are arriving at your cash flow number by applying Gross income - cap ex, maintenance, utilities, vacancy, tax, insurance, mgt, landscape/snow & Debt service?

BUT...if you're American and can still get loans in the US (the silver lining of having to still file US income taxes while living abroad), then why not use leverage?   

I learned so much from the course and PCS, and I'm claiming all of my cost on my taxes.

Lastly these tools can integrate directly into your bookkeeping so you can automate the income portion of your bookkeeping which will help with your analytics/reporting and save you tons of time during tax season. 

(gross rents $4900; 8% PM; mortgage+insur+taxes = $3600/mo).

Last month city established a tax incentive district on neighborhood.  

This is a great place to learn and to connect with people so take advantage of all the great resources.

Most hard money will be interest only payments on the full approved balance of the loan whether or not if you have pull the draw funds for repairs.If you have any other questions, post them in the same thread below so that we can all learn from the answers.