One thing I've been doing that I think is helping is, I expose him to people we know personally who are doing it successfully.

When you transfer from your personal name (required to close in most cases), you the expose yourself to the Due On Sale problem.Additionally, there's annual fees and taxes against the legal entity, draining your ROI and for SFRs with thin margins, this can be significant.As noted above, holding in your  own name work well when you behave as you expect others and avoid doing dumb stuff that clearly leads to lawsuits.

Finished off interior or exposed studs? 

B+ area, built in 2006, parking, separate utilities, has good parking spots, real hardwood floors, wash/dryer exposed in kitchen, 2br/1.5ba units, good rental history, rent is $3200 gross, but ill live in 1 unit so the gross is $2400.$270K purchase priceFHA loan3.5% down ($9,450)P&I-$1321/mo ($260K financed)INS- $100/moTAXES- $137/mo (taxes are currently $274/mo b/c its in the investment class)PMI-$187/mo (would like to own for a year and try to refinance with another bank to get a conventianal if I can get a high enough appraisal to drop PMI or lessened)TOTAL PMT-$1745/moLIVING FOR FREE!!!

“Our legislation would not only strengthen disclosure requirements and protections for homebuyers, but also help expose bad actors and facilitate their prosecution.”John Henneberger, co-director of the Texas Low Income Housing Information Service said: “These bills will help consumers be more informed about risky wrap-around mortgages and better protected from unscrupulous lenders.”Trish McAllister, executive director of the Texas Access to Justice Commission, added that the legislation will help families stay in their homes.

My goals are to Just build a network of colleagues, expose my self to the industry little bit deeper and put some money in my pocket in the process. market seems great around my area with interest rates still relatively low.

Yes but think if the VA inspector finds something small (An outlet that has to be replaced because it is exposed).

Often we work on a generator power with propane heaters until we pass rough inspections and get the pressure test, and the cut in card for electric completed and can have the utility company come out.

you will be exposed to a lot of things to look for and how to look for them.  

Mano,I'm actively involved in syndications and my business model for investors is to ensure we are exposing them to some of the best opportunities.