While it will likely give you more confidence and answer a lot of questions, I would say that talking to a seasoned investor, or even agent that works with investors, is a way better idea than spending 8K on something that you don't know too much about, especially before your first deal is done.

And I really appreciate @Chris Clothier giving you a call and talking over your concerns.

You, good sir, have NO CLUE what you are talking about. 

Quote from @Stuart Udis: As I am sure is the case with many investors, my residential and commercial leases continue to evolve.

I think good flippers talk about something like 80-20 -- they do well on 80% of their projects.

I hope my entry into real estate will continue this trend.

Scaling up properties requires cash flow or equity, continuous education, networking, mentorship, patience, and persistence.

Because just those costs can run you close to $75-100k if you hit any snags.I love talking about investments and I love the Packwood area, if you want to dig in more, I would be happy to jump on a call!

Any recommendations on lawyers to talk to that can assist in advising on an LLC fund (if needed) and how? 

I love talking shop.