Have you been able to close some deals with them? 

doing this will allow him to make up to 5k a month residual. 2.

It's basically set up for MTR and much less hassle, but less vetting, and way lower cost.

I've been a Pro member for several years, but am coming up on renewal and have changed direction to Notes. 

Then I line up about 10-20 applicants to see the property during a 2 hour time window on a Saturday or Sunday.

Quote from @Rachael Shad: Look up "the1brokerage" owned by David Greene.  

Immediately before closing the sale dissolve the LLC and distribute the property to the former members so they are all tenants in common. 

If you end up giving them the notice to vacate do not offer the option to sign a lease.

If you don't have a good foundation(bad debt paid off, $$ saved up) I would first focus on that.

I agree with Afra at that price point it's best to start with flips that have $15K - $30K rehab budget to gain some experience and get a good team in place and then work your way up to larger rehabs with higher ARVs!