I needed a tenant right away without having to put the house on the market and deal with applications, tenant screenings, etc while also dealing with having to move on short notice out of state. 

And at the end of the lease, any bills tied to the house (ie if they don't pay, you have to), get a copy of the final statement to show it was paid in full before you return the deposit.My water company won't let the tenant put the bill in their name, so I send them the bill every 3 months (it is quarterly) and they add it to their rent.When the next tenant goes to move in, get proof that all utilities are in their name before you hand over the keys.

Energetic optimistic People person.it’s hard for one person to embody all these skills and that’s why at least for MF investment putting together them team is critical to success.great post!

You only need to put 15% down on each so between $30K to $40K and save the rest of your cash for renovations.

You are correct anyone can just put numbers down in past deals.

We would mutually to remove aunt A through quitclaim deed but also don’t want to put ourselves at risk for a tax reassessment.

It depends.It depends on the market, the market cycle of that market, how you find the deal, the type of debt you can put on the asset.If you're buying without a syndication, I never look at IRR, especially if my intention is to hold and refi. 

Secondly, as other responses have mentioned, it's going to be difficult for you to attract a private lender without experience, or money to put down.

I know in theory the process of BRRR, Buy & Flip, Buy & Hold, et... but I am very worried about screwing it up and really putting myself and my family in the hole ( I have a wife and a 1 year old son).

We’ve put silicone sealant along the walls of the portion of the house that is affected all the way to the foundation.