To keep this simple, we can just say that this is the equivalent of adding 0.5% or 0.55% to the note rate.

I will pay the money if I can do 1 or 2 deals in the next 4 months.

If you can get it dirt cheap somehow and maybe flip it, then you could profit. 

I would just make sure to call the city and let them know your plans in full detail to make sure that you can do it.  

Know your market cap rate and you can quickly determine whether property is worth a closer look. 

Re-titling real estate can get expensive with the misc. transactional fees associated with the process + you are at risk of the lender triggering the due on sale clause if you don't plan on refinancing the real estate.

MOST if not all LLCs owned by spouses can be “disregarded entities”.  

After two years, you can qualify for a loan or continue working the seller-finance angle. 

Honestly, I'd offer them to pay a penalty of 2 months' rent-then they can move out with 60 days' notice and you don't have the repeated calls. 

Yes, I totally agree that oftentimes the best thing you can do is start and learn as you go!