@Cyndi Lees the thing that catches my eye in your post is that it would require quite a bit of work to get it started as a rental.

I have a few questions- "We started an LLC" "We purchased a property" Who are the legal owners of the LLC? 

@Abigail Kingprimarily off market although, i've started to engage on on-market deals if i think they will fitvery difficult to find

Looking for feedback from folks who have been in similar situations and have lessons learned or advice, as I am just getting started and this is literally my first post.Wife and I moved out of our first townhouse and rented it out to grow our family 3 years ago.

The clock starts when you settle on the relinquished property, 45 days and 180 days. 

In my personal experiences a lot of structural items start with bad drainage.

An LLC isn't necessary when starting, in the long term, it may be worth exploring.

I've thought about commercial real estate and/or residential house building but dont have any knowledge on where to start.

Will Investor Edge allow us to see a Demo b4 paying the $4000 to get started They will, but the demo is basically a white labeled Prop stream.

Great that your starting out on biggerpockets.