I am beginning to get my ducks in a row to start searching for real estate properties to start my first fix and flip and am looking for trusty, reliable contacts to provide deals in my desired areas.

If the LLC he is desiring is a single member LLC it is probably disregarded and he could sell in his name and buy in the name of that LLC.4.

A typical resident would see rents climb at a decent clip over a two year period as the apartment interior, exterior is renovated and improved property management increases desire and pride in staying.  

Now you may need to start more modestly and strategically 1031 exchange your way there, but that is a much more desirable end game IMO ... only thing better would be 40 free and clear units in Scottsdale, but if you start with reasonably leveraged units, you will end up with free and clear units in 30 years if that is your desired end game.

Then, your offer should be NO MORE than that value, less tear down and holding cost, less your own desired profit. ie.

We are finding it difficult to find desirable investments at this time.

You are welcome to come check either place out for info if you desire.

I was wondering:1) What are the terms / characteristics that make a note desirable?

But many people need to learn the hard way, especially when the truth relates to an effort they really have no desire to make.

Don't be afraid to go big - if you have the desire, time and focus you will surprise yourself.