I plan on purchasing one or two turnkey properties first and then utilizing the BRRRR strategy on distressed multifamily properties once I gain more experience and I am able to take on more risks.

You will definitely benefit from having some sort of guideline and direction.

It's only on gain and its either 6% or 9% http://www.tax.ri.gov/regulations/other/nrw91-01.php

The sellers also needed to find a new home to live in so the extra time benefited them.My two cents is to not be discouraged about your offer as you do not know the seller's situation and the contingencies on the other offers.  

Rent RatioInsuranceMortgage interestLease structureWhat is benefit of investing in Japan over USA?

I'm looking to build relationships, network and gain as much understanding as possible to grow my business.

There are two things to consider with that:  1) if you decide to sell it, and have shown your house as partially rented on your taxes (which you should), then capital gains tax will come into play on the rented portion.  2) For your next purchase, unless you have a lease in place for the whole home, you will have a hard time purchasing a multi-family as your next live in flip.  

Thus this post.As a landlord, I will gain the ability to depreciate the property.

What is all entailed when refinancing from an FHA to a conventional and what are the benefits?

I've read so many  posts lately and honestly a lot of them are intimidating but I'm hoping to gain the knowledge and wisdom through more reading and with your guidance.one "problem" that we are running into are how to fund real estate property.