Years ago, contractors are normally incorporated, but nowadays, LLC's had gain popularity. 

My girlfriend is in physical therapy school at Rutgers.

This is a value add play, which incorporates a bit of a flip strategy, but still allows you to have income while you implement your plan.

I also had degrees in Mathematics, Computer Science and Physics (minor) and thought that if he could execute, he would own the industry. 

I keep seeing properties on MLS and similar sites in my area of Wichita KS where the asking price is 15-20% higher than what the local appraisal values the property.For instance , if the physical property has a value of 100k , but the asking price is 120k, does the the fact that there are existing leases in places warrant a 20% markup in the asking price?

Even if you can buy online, see the physical place before you do.

@Joe SplitrockOur bottom unit tenants were heavy drug users with a history of physical abuse. 

The term "distressed" is relevant to both the physical condition of the property, as well as the condition of the title.I do primarily REO properties, usually I am directly with the financial institution that foreclosed, but sometimes I work through a processor or another agent, depending on the deal.Offer responses will sometimes take 2-3 weeks.

I will get my physical eye on it this weekend. 

There was never a problem until now.To be really honest, after seeing her suffer and completely break down physically, it puts into perspective that money isn't everything.