Owning that property helped me better appreciate the advantages of real estate investment and made me want to learn more and get more deeply involved.

There are time and costs involved with becoming and staying licensed as a realtor.

it would depend on your understanding of title and recording of Deeds, as well as drafting  the quit claim, I personally buy a lot of my portfolio at sheriff sales, and often will use my personal name until i decide what LLC im going to put it in,  I will then quit claim it to that LLC, in this case though there are no loans involved (buy on LOC then cash out after rehab) Im a broker and will draft my own quitclaim and go to the ROD office and record it. that being said, if you are asking this question on this forum I would recommend asking for guidance from a local title company, maybe pay them to do one for you, but ask them to teach you how its done. good luck  

Assume you can turn your $110K asset after selling costs into 3 Memphis units that each cash flow $200/month after realistic PM, cap ex/maintenance estimate, and vacancy estimate (a bigger challenge than it may seem because maintenance and cap expense do not vary that significantly base on the rent as much as the unit profile (number of bathrooms, square footage, etc.); cheaper rents have a higher percentage of the rent needed for cap ex/maintenance. 

I heard about Bigger Pockets from an ex-roommate who was involved in real estate when we were discussing ways to invest years ago.

My dad and I bought a 3 acre property when I was a kid, and turned our 500 square foot shack into a 1,400 square foot decent home, so that really sparked my interest in renovating properties/real estate.Recently, my investor boss has expressed interest in flipping properties in our area.

ARV is 100% because it is  small... but hey you put an addition above the garage, and suddenly you have the right square footage to match all the 600K houses being sold.

@Terence Hyacinth  agreed:  most transactions in NS will involve more hassle than profit.  

Best case scenario, this could snowball into financial independence for everyone involved. 

I recommend the 4 square method (Brandon does a great job of explaining it on youtube) and have a dynamite realtor who has experience in investment properties.