I was thinking about getting a few solid deals under my belt prior to getting the entity set up, but was unsure.

You can argue that the money spent on forming an LLC and the annual renewal fee might be more efficiently allocated as money for down payment and/or closing costs until you get a property under your belt and to a point where there is enough equity to protect.

Sounds like you have a few years under the belt.

as everyone else has said, dont use zillows zestimate. look for houses that have sold in that area with the same criteria and find the average. its a little harder than using an mls but it gets the job done.it is worth persuing i would say. even if it doesnt work, it is more experience under your belt

If you have some real estate experience under your belt you can use what you learn in college to put together deals.

Most, if not all, of the rehab work would be done by myself, by business partner, and my father.As for the comps in the area the neighboring properties are valued at $67K and $70K, there are about 4 properties within a few blocks of this property for sale with the same specs that are all listed for $70K, there is a property 2 blocks away from the property that was just sold at $88K with the same specs, another property that has similar specs that is near this property that was sold for $86K and another property that was sold just 2 weeks ago that is 1 block away with similar specs for $75K.With this information I put together what I thought would be a very reasonable ARV for the area on this property at $69,900 based on a very rough estimate of repair values at $5K-$10K.I also just want it to be known that I am really not looking to make a HUGE profit on my first deal, I want to get some experience under my belt first but I don't want to lose money either.

Would you recommend marketing right away or after I have a few deals under my belt?

Maybe someone I can look over there shoulder as I continue my learning and some advise as I get a few deals under my belt.

In the mean time I will be trying to do 3 or 4 4-unit deals, and getting 16 or 20 units under my belt by paying 3.5% down payments.

While doing some research last year your name popped up as an owner in a rust belt area.