Some obvious gotchyas - you have to live in your unit for 3 years, people have to be willing to pay 1700/month to live in WO (very plausible if it's a 2 or 3br), and it's only on paper.

I read a few books including Brandon's book "Rental Properties Investing" and on paper looks doable.

If it does get the property under contract/ assignment paper work. to get your hands on such paper work contact local (real estate attorney) he can actually help you with all this if he's good, he should have connections.

I may be a bit of a wet towel on a very exciting project, but I would be very cautious to make sure you will not go into a deal that will become your last.

The city has cleaned up with a partnership with the University of Notre Dame, and if you check the economy section of the paper here, you'll find over 700 Million dollars has been flooded into development of this area.

My primary focus is getting assistance with how to present a Cooperative Assignment to the seller and also how this type of deal is structured as far as paper and closing from beginning to end.

You will need to go to the irs.gov for an EIN number, to.complete  the LLC papers. 

At the end of the day, if you include a few more addresses that do not make sense, don't worry about it (it is just a few stamps and paper/ink).

Because I know for future mortgages, the bank likes to see that the rentals cash flow on paper (better on a 30 than 15).

What is the most efficient way to find probate leads if the local papers will not give/sell you a list of notices?