Eventually you will recognize a potential good deal on your own simply by spending time looking online and physically visiting homes in the areas you would like to invest.Another thought is determining just how much rehab you are willing to do. 

Also, being new myself, I find I have more confidence being able to physically see the property & attend REI meetings in the area I'm interested.I'm sure you're knowledge will come in handy no matter where you go.

Here is a pretty good list of custodians broken down by assets under custody.

, etc).2) if not, how do i physically go about the transaction?

I saw no point in using them, since most custodial trust companies will give you the IRS rules that apply to this, in plain language.As for Indianapolis, Indiana - I only expanded to IN this year, and my first investment there was on 03/02/2015 (Zillow) for $175K (including rehab costs); comparable rents are around $1700/month.  

I know you cant use the regular Post Office PO Box here in Michigan, but was curious about the UPS store as they do in other cities due to there being an actual person there to sign for your mail and giving an actual physical address.Thanks

You need to have a physical street address for the LLC's RA in NJ in order to accept mail (in the event you are sued as an example).

Check tax records for physical properties of the home (number of beds, baths, sq ft, etc and compare to old listing information if available.  

The latest is that they want to physically inspect on of my properties every 12 months.  

thank you BenThank you JohnRegarding self-employment over a w-2 jobWhen I was just out of the Marine Corps and I had this job at Johnson Controls engineering firm because I was a science major, had a lot of calculus physics and chemistryMy job was to sell to developers and builders That wanted air and water  control devices and I was on straight commission basicallyI had like $20,000 in commissions that they  didn't pay me for I got really upset and at 25 yrs of age I didn't have very much EQ, and my emotions got the best me I basically even went to a lawyer and asked  how can I get my 20,000 in commissions here's the proof they owe me the moneyMy lawyer says it's gonna cost you 10,000 in legal fees to sue them at a minimum he's going to need that upfront as a retainerAnd then there was no guarantees I would get the 20 kThat's why I made the commitment at 25 never ever ever be a W-2 employee and I work as a 1099 alwaysThen I found a real estate 60-year-old mentor who taught me everything from distressed property to foreclosures to divorce to bankruptcy to probateI work for five hundred a week for 2 and a half years and then opened up my own business and did approximately 28 seller interviews a weekMy closing ratio in the beginning wasn't very good because I sucked at itBut with the good coaching from my teacher I got better and better and betterI quit after 2 1/2 years and started my own company on a shoestring it wasn't easyBut I made over hundred thousand dollars my first year if it wasn't for the teacher I would not know how to run a business and I would not know how to hire people and I would not know how to market and I would not know how to negotiateAnd you never stop learning because I made a Ton of money I was 29 and I made over 1 million and a quarter I rolled it back into the company which was a mistakeBut live and learn!