Standard practice these days in all advanced countries.

You have to keep in mind that when you're looking at Zillow, you're practically looking at deals that "everyone" is looking at.

They are not ethical and do not practice good business. 

An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do. 6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).

This might be a lot of new information for you so feel free to ask if you have any questions.As has already been suggested, you might want to consult with a good real estate attorney who practices in the area where the property is located. 

It is good practice to obtain from them the actual 1098 and to remind them that they are no longer entitled to the deduction since they aren't making the payments anymore (again, these things are usually spelled out in the sub2 agreement).

For the past few months, I have been watching YouTube videos, listening to podcasts, and practicing with deal analyzers.

And if income passes into the holding LLC, what is the best practice for pulling that cash out to utilize for other purposes while preserving the veil and not commingling.  

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

I had a situation this last yaer where I had a simultaneously recorded first and second (in practicality).